Switzerland is not in the European Union but has signed up to many of its policies. However, in May the Swiss Federal Council decided to stop negotiations of the EU-Swiss Institutional Framework Agreement.

As an EFTA (European Free Trade Area) member, Switzerland took part in the negotiations for the EEA (European Economic Area) Agreement and signed the agreement on 2 May 1992. Immediately after that, the Swiss Government submitted an application for accession to the EU on 22 May 1992. However, following a referendum held on 6 December 1992 that yielded a vote against participating in the EEA, the Swiss Federal Council stopped pursuing the country’s EU and EEA membership. Since then, Switzerland has developed its relations with the EU through bilateral agreements in order to safeguard its economic integration with the EU. The EU and Switzerland have signed over 120 bilateral agreements, including a free trade agreement in 1972, and two major series of sectoral bilateral agreements that aligned a large portion of Swiss law with that of the EU at the time of signing. While the agreements intensified economic relations, they also created a complex and sometimes incoherent network of obligations. In order to resolve these problems, EU-Swiss negotiations for an Institutional Framework Agreement (IFA) were launched on 22 May 2014.

In May 2021 the Federal Council decided to terminate the negotiations of the EU-Swiss IFA. The European Commission took note of this decision and expressed its regrets.