Terms will deepen economic co-operation in return for new immigration and financial commitments
Switzerland and the EU have reached a deal to deepen their long-standing economic and political ties after almost a decade of difficult talks, complicated by disputes over immigration. The Alpine country would increase access to the EU single market that surrounds it, if the deal is ratified, but take on new immigration and financial commitments. Ursula von der Leyen, Commission president, hailed the “historic” deal in a press conference in Bern with Swiss President Viola Amherd.
It could also be an associate member of research programme Horizon Europe, nuclear science body Euratom and the student exchange scheme Erasmus. Switzerland is a member of the borderless Schengen zone. About 16 per cent of the Swiss population — 1.4mn — are EU citizens while around 400,000 Swiss citizens live in the EU. The landlocked country is the EU’s fourth-largest trading partner, with more than €365bn of trade annually.
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