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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 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.
Monaco participates in the EU customs union through its relationship with France; its ports are administered by the French. Vatican City has a customs union in effect with Italy. 2 Andorra, Monaco, San Marino and Vatican City are not members of Schengen, but act as such via their open borders with Spain, France and Italy, respectively.
In addition to the member states of the European Union, all member states of the European Free Trade Association, namely Iceland, Liechtenstein, Norway and Switzerland, have signed association agreements with the EU to be part of the Schengen Area.
In 1992 Swiss voters approved membership in the International Monetary Fund and the World Bank, but later that year rejected the European Economic Area agreement, which the government viewed as a first step toward European Union membership. The Swiss instead take part in the European single market and Schengen through bilateral treaties.
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 ... court of the European Union in matters of European Union law. As a part of the ... , Norway, and Switzerland, are not members of the ...
ZURICH (Reuters) -Switzerland said on Wednesday it would participate in two European Union security initiatives aimed at strengthening cooperation between armed forces in a bid to boost the ...