Switzerland has given Malta e1.8 million in a bilateral agreement which implements Switzerland’s undertaking to provide cohesion funds to the new member states of the EU following its access to the EU internal market. The individual bilateral agreements by Switzerland with the 10 EU member states which joined in 2004 follows the Memorandum of Understanding (MoU) signed between Switzerland and the Council of the European Union in February 2006. This MoU contained the overall conditions and modalities agreed between Switzerland and the EU for a financial contribution by Switzerland as a compensatory measure to the latter’s participation in the economic and social dimensions of the EU internal market.
