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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.
Four European microstates — Andorra, [4] Monaco, San Marino and the Vatican City — are not officially part of the Schengen Area, but are considered de facto within the Schengen Area, as they have open or semi-open borders and do not conduct systematic border controls with the Schengen countries that surround them.
The European Union (EU) is a political and economic union of 27 member states that are party to the EU's founding treaties, and thereby subject to the privileges and obligations of membership. They have agreed by the treaties to share their own sovereignty through the institutions of the European Union in certain aspects of government.
Map of the European Union Map of the EU, including all special territories. The Outermost Regions in blue are considered part of the EU's external borders. The border of the European Union consists of the land borders that member states of the EU share with non-EU states adjacent to the union. The EU shares land borders with 21 countries and 3 ...
The Schengen Agreement was signed independently of the European Union, in part owing to the lack of consensus amongst EU member states over whether or not the EU had the jurisdiction to abolish border controls, [6] and in part because those ready to implement the idea did not wish to wait for others (at this time there was no enhanced co ...
The special territories of EU member states are categorised under three headings: nine Outermost Regions (OMR) that form part of the European Union, though they benefit from derogations from some EU laws due to their geographical remoteness from mainland Europe; thirteen Overseas Countries and Territories (OCT) that do not form part of the ...
The four countries forming the European Free Trade Association (EFTA) are not EU members, but have partly committed to the EU's economy and regulations: Iceland, Liechtenstein and Norway, which are a part of the single market through the European Economic Area, and Switzerland, which has similar ties through bilateral treaties.
Significant parts of the continent especially in the east (e.g. European Russia, Ukraine, Belarus) and smaller parts in the north and centre are not part of the EU. The member states of the EU have land borders with 21 other countries and 3 dependent territories.