State of the Union (European Union) foresees that the President of the European Commission sends a letter of intent to the President of the European Parliament and the Presidency of the Council of the European Union that sets out in detail the actions the European Commission intends to take by means of legislation and other initiatives until the end of the following year. The address is then followed by a general debate on political situation of the Union, the so-called State of the Union debate. The first State of the Union speech of the European Union was pronounced on 7 September 2010 by President José Manuel
Third-country economic relationships with the European Union is considered part of the EU single market. Iceland has also signed the Schengen treaty. On 16 July 2009, Iceland applied to join the European Union. Liechtenstein joined the EEA in 1995 and participates in the EU single market. Switzerland referendum to join the EEA in 1992 failed, so Swiss products do not participate in the European single market. However the country recently negotiated two series of bilateral agreements with the Union. The first series, Bilateral Agreements I, consists of seven bilateral agreements and was signed in 1999 (entry into force in 2001), the main part being Free Movement of