What Agreement Does Switzerland Have With The Eu

When it comes to foreign and security policy, Switzerland and the EU do not have comprehensive agreements. But in its 2000 Security Report, the Federal Council announced the importance of contributing to stability and peace beyond Switzerland`s borders and building an international community of values. Switzerland then began cooperating on projects under the EU`s Common Foreign and Security Policy (CFSP). Switzerland has brought personnel or equipment to EU peacekeeping and security missions in Bosnia and Herzegovina, the Democratic Republic of Congo, Kosovo, Macedonia and Aceh in Indonesia. The currency of Switzerland is the Swiss franc. Switzerland (along with Liechtenstein) is in an unusual position to be surrounded by countries using the euro. As a result, the euro is de facto accepted in many places, especially near borders and tourist regions. Swiss federal railways accept euros, both at ATMs and ATMs. [42] Many public telephones, ATMs or ATMs also accept euro coins.

Many stores and small businesses that accept the euro only take notes and change in Swiss francs, usually at a less favourable exchange rate than banks. Many ATMs issue euro at the negotiated exchange rate as well as Swiss francs. These agreements cover a wide range of topics, including the free movement of persons, Schengen/Dublin, agriculture and air transport, agriculture, research, statistics, free trade and customs services. On 6 September 2011, the Swiss franc was effectively fixed against the euro: the franc had always flown independently until its appreciation of the currency became unacceptable during the eurozone debt crisis. The Swiss National Bank has set a commitment of CHF/EUR including a floor rate of 1.20 francs against the euro, with no ceiling. The Bank is committed to maintaining this exchange rate to ensure stability. The link was abandoned on 15 January 2015, when the new upward pressure on the Swiss franc exceeded the bank`s tolerance. [43] Switzerland is not a member state of the European Union (EU). It is linked to the Union through a series of bilateral agreements in which Switzerland has adopted various provisions of EU law to participate in the EU internal market without joining it as a member state. All but one (the micro-state of Liechtenstein) of Switzerland`s neighbouring countries are EU member states.

Switzerland has close relations with the EU not only economically, but also politically and culturally. In total, more than 120 bilateral agreements allow Switzerland access to the EU internal market and allow Switzerland to be linked to the EU in a similar sectoral way. Negotiations between Switzerland and the European Commission for an institutional framework agreement began in 2014 and ended in November 2018. On 7 December 2018, the Federal Council decided not to accept or reject the negotiated agreement, but to opt for a public consultation. [18] The negotiated agreement[19] would cover five areas of the 1999 EU-Swiss agreements: since the Federal Council had not yet been able to sign the negotiated agreement, the European Commission had already responded with retaliatory measures.

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