ECONOMICS (CBSE/UGC NET)

ECONOMICS

BARRIERS TO TRADE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country is not a part of the European Union?
A
Switzerland
B
Portugal
C
Italy
D
Sweden
Explanation: 

Detailed explanation-1: -Switzerland is not an EU or EEA member but is part of the single market.

Detailed explanation-2: -Thanks to its association with the Schengen system of the European Union and the agreement on the free movement of persons, Switzerland is part of the European area of freedom, security and justice.

Detailed explanation-3: -It signed the agreement on 2 May 1992, and submitted an application for accession to the EU on 20 May 1992. However, after a Swiss referendum held on 6 December 1992 rejected EEA membership by 50.3% to 49.7%, the Swiss government decided to suspend negotiations for EU membership until further notice.

Detailed explanation-4: -Switzerland and Norway are not part of the European Union.

Detailed explanation-5: -Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements. A Member State which decides to withdraw shall notify the European Council of its intention. More items

There is 1 question to complete.