The European Community and the Swiss Confederation declare their intention to enter into negotiations for agreements in areas of common interest, such as the update of Protocol 2 of the 1972 Free Trade Agreement and Switzerland`s participation in certain Community training, youth, media, statistics and environmental programmes. Preparatory work for these negotiations is expected to continue quickly as soon as the ongoing bilateral negotiations are completed. Bilateral agreements allow Switzerland to cooperate closely with the European Union. Thanks to the conclusion of specific contractual agreements, both Switzerland and the EU have access to market access and cooperate within power plants: there are currently more than 100 bilateral agreements between the EU and Switzerland. 2. In the event of incompatibility between these agreements and this agreement, priority is given to the latter. 1. This agreement is ratified or approved by the contracting parties in accordance with their own procedures. It will come into force on the first day of the second month following the last notification of the instruments for ratification or approval of the following seven agreements: Switzerland`s economic and trade relations with the EU are mainly governed by a series of bilateral agreements in which Switzerland has agreed to adopt certain aspects of EU law in exchange for access to the EU internal market. The scope of the framework agreement is limited to the five existing bilateral market access agreements (free movement of people, removal of technical barriers to trade, land, air and agricultural transport) and all future market access agreements. The seven agreements are closely linked by their entry into force at the same time and no longer apply simultaneously six months after receiving a notification of non-renewal or termination of one of them.  The Swiss lists of Appendixes C and D of Directive 92/51/EEC are drawn up as part of the implementation of this agreement. In 2009, Switzerland participated in the Schengen area by adopting an association agreement by referendum in 2005.
 This means that there is no passport control at Switzerland`s borders with neighbours, although customs controls remain in place. 5.3. 385 Y 0016: Recommendation No. 16 of 12 December 1984 on the conclusion of agreements under Article 17 of the Regulation (EEC) No. 1408/71 (OJ L 199 of 11.12.1984, p. 1). OJ C 273, 24.10.1985, p. 3). “I don`t think an agreement (EU-Switzerland) will be reached in the second half of the year until Brexit is clear,” said Oettinger, the former head of Swiss-EU relations, the Neue Zuercher Zeitung. “Switzerland`s European Policy: Institutional Agreement,” The Federal Directorate for European Affairs The parties agree that Protocol 2 on Finland`s accession to the European Union on the Aaland Islands also applies to this agreement. The current trade relationship between Switzerland and the EU is based on an important agreement (the EU, officially founded in 1992) between Switzerland and the European Economic Community (EEC), the forerunner of the EU: a failure of the negotiations would have disastrous consequences not only for the Swiss financial centre, but also for the exporting industry.
Since around 55% of Swiss exports go to the EU, non-discriminatory access to the European internal market is of great importance to Switzerland. This is why an agreement with the EU as Switzerland`s main trading partner is inevitable.