Menu

Switzerland Agreement With Eu

10Oct

For example, one would expect that the ongoing negotiations on the electricity agreement and in the areas of public health and food safety would be interrupted. In addition, in addition to the non-recognition of the equivalence of the Swiss Stock Exchange, the EU could respond with other retaliatory measures, such as excluding Switzerland from the continuation of the EU`s Horizon 2021 research programme. The framework agreement, the cornerstone of relations with the EU On 6 September 2011, the Swiss franc was effectively pegged against the euro: the franc had always gone public independently of one another until its monetary appreciation became unacceptable during the eurozone debt crisis. The Swiss National Bank has established a chf/EUR commitment including a floor rate of CHF 1.20 against the euro, with no ceiling. The Bank is committed to maintaining this exchange rate to ensure stability. The commitment was abandoned on 15 January 2015, when the new upward pressure on the Swiss franc exceeded the bank`s tolerance level. [43] The EU and its 28 members are Switzerland`s main partners. The relationship between Switzerland and the EU has developed thanks to an increasingly close network of sectoral agreements. “I am very satisfied with the content of the Lexology news feeds. It`s a centralized way to get legal updates from many jurisdictions, and a great way to stay up to date with minimal time.¬†Following the refusal of EEA membership in 1992, Switzerland and the EU agreed on a set of seven sectoral agreements signed in 1999 (called “bilateral I” in Switzerland). These include the free movement of persons, technical barriers to trade, public procurement, agriculture and air and land transport. In addition, a scientific research agreement has enabled Switzerland to be fully used in the EU`s research framework programmes.

The history of Switzerland`s bilateral engagement with the European Community consists of four main parts. After ratifying the bilateral agreements II, the Swiss government reduced its thoughts on EU membership from a “strategic objective” to an “option”, signalling the country`s reluctance to take steps towards EU membership. Switzerland and the European Union are now considering a third round of bilateral agreements, but differences have emerged between the EU and Switzerland on other tailor-made treaties. Some EU officials have begun to reject Switzerland`s bilateral approach to relations with the EU, which they consider too bureaucratic. . . .