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It is associated with the Union through a series of bilateral treaties in which Switzerland has adopted various provisions of European Union law in order to participate in the Union's single market, without joining as a member state. Among Switzerland's neighbouring countries, all but one (the microstate Liechtenstein) are EU member states.
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 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.
The European single market, also known as the European internal market or the European common market, is the single market comprising mainly the 27 member states of the European Union (EU). With certain exceptions, it also comprises Iceland , Liechtenstein , Norway (through the Agreement on the European Economic Area ), and Switzerland (through ...
It currently consists of 29 European countries covering a population of over 450 million people and an area of 4,595,131 square kilometres (1,774,190 sq mi). [2] Originally, the Schengen treaties and the rules adopted under them operated independently from the European Union.
The Treaties of the European Union are a set of international treaties between the European Union (EU) member states which sets out the EU's constitutional basis. They establish the various EU institutions together with their remit, procedures and objectives. The EU can only act within the competences granted to it through these treaties and ...
A European Union Association Agreement or simply Association Agreement (AA) is a treaty between the European Union (EU, or its predecessors), its Member States and a non-EU country or bloc of countries that governs bilateral relations. Areas frequently covered by such agreements include the development of political, trade, social, cultural and ...
European Union Caribbean Community: November 1, 2008 [108] Malaysia–New Zealand Free Trade Agreement [109] Malaysia New Zealand October 26, 2009: Peru-Australia Free Trade Agreement: Peru Australia February 12, 2018: European Union–Vietnam Free Trade Agreement Vietnam European Union August 1, 2020