There are problems with being in the EEC but not in the EU.<p>For the &#x27;sovereignty&#x27; issue this is the worst as there is no representation in the creation of the laws. That would be even worse than being out of the EU.<p>Keep in mind Norway pays something like 90% per person of what the UK pays for its EEC membership. One day Brussels will make a law Norwegians don&#x27;t like and they will be upset about it and won&#x27;t be able to do anything about it.<p>A trade zone requires consistent laws among its members too.