evidence: Between 2014 and 2021, the EU and Switzerland negotiated an institutional framework agreement, which should have secured and further developed Switzerland’s participation in the EU internal market. In May 2021, the Swiss government unilaterally terminated these talks. The EU is currently analysing the impact of this announcement on the bilateral relationship. [...] For some years now, the EU and Switzerland have been cooperating in the area of taxation. They are both committed to international standards of tax transparency and fair tax competition. In May 2015, the EU and Switzerland signed an agreement on the automatic exchange of information, which significantly facilitates the fight against tax evasion. The agreement entered into force in 2017.