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The European Union is Switzerland's largest trading partner, and Switzerland is the EU's fourth largest trading partner, after the United Kingdom, United States and China. Export of goods from Switzerland accounts for 5.2% of the EU's imports; mainly chemicals, medicinal products, machinery, instruments and time pieces.
The European Council (informally EUCO) is a collegiate body that defines the overall political direction and priorities of the European Union. [ 1 ] Established as an informal summit in 1975, the European Council was formalised as an institution in 2009 upon the commencement of the Treaty of Lisbon .
The Presidency of the Council of the European Union rotates among each of the member states, allowing each state six months to help direct the agenda of the EU. [ 30 ] [ 31 ] Similarly, each state is assigned seats in Parliament according to their population (smaller countries receiving more seats per inhabitant than the larger ones).
3 Switzerland is not an official member of EEA but has bilateral agreements largely with the same content, making it virtually a member. 4 Andorra, Monaco, San Marino and Vatican City are using the euro as their currency through a monetary agreement with the EU.
The Council of the European Union, often referred to in the treaties and other official documents simply as the Council, [a] and informally known as the Council of Ministers, is the third of the seven Institutions of the European Union (EU) as listed in the Treaty on European Union. [2]
The Federal Council said it had decided to take part in the projects belonging to the EU's Permanent Structured Cooperation (PESCO) "Military Mobility" and "Cyber Ranges Federation". Neutral Swiss ...
The Swiss president voiced optimism on Monday that a deal with the European Union could still be reached by year-end on updating their relationship, despite a lack of agreement on issues like ...
The European Union (EU) is a sui generis supranational union of states. At a European Council Summit held in Copenhagen, Denmark, on 21 June and 22 June 1993, [2] the European Union defined the Copenhagen criteria regarding the conditions a candidate country has to fulfill to be considered eligible for accession to the European Union: