EFTA's first two FTAs with Turkey and Israel were followed in the early to mid-1990s by a series of FTAs with Central and Eastern European countries. The EFTA states concluded these agreements, in parallel with similar EU agreements, not only to improve mutual market access, but also to support economic reforms in the central and eastern European transition countries. Eight of these agreements were terminated on 1 May 2004, two on 1 January 2007 and one on 1 July 2013, as a result of the accession of these partners to the EU. Free trade relations between Switzerland and the new EU member States remain in place, but are now based on the 1972 FTA between Switzerland and the EU. EFTA free trade agreements currently exist with Macedonia, Albania, Serbia, Ukraine, Montenegro, Bosnia-Herzegovina and Georgia.
Since the mid-1990s, EFTA’s network of FTAs has been extended into the Mediterranean region. EFTA's aim is to lay the foundations for participation in the Euro-Mediterranean free trade area. As part of these efforts, Switzerland is actively involved in work towards modernising the Regional Convention on pan-Euro-Mediterranean preferential rules of origin (PEM Convention). By concluding FTAs, the EFTA States contribute to the promotion of economic cooperation in the Euro-Mediterranean area. EFTA has so far concluded FTAs with eight Mediterranean partners: Turkey, Israel, Morocco, the Palestinian Authority, Jordan, Lebanon, Tunisia and Egypt. A modernised and expanded agreement with Turkey was signed on 25 June 2018.
Given the growing worldwide tendency to conclude regional and indeed supra-regional FTAs, the EFTA states have since the end of the 1990s begun to orientate their free trade policy towards overseas partners. So far, FTAs are in force with Mexico, Singapore, Chile, the Republic of Korea, the SACU states (Southern African Customs Union: Botswana, Namibia, Lesotho, South Africa and Eswatini), Canada, Colombia, the Gulf Cooperation Council (GCC: Saudi Arabia, Bahrain, United Arab Emirates, Qatar, Kuwait and Oman), Peru, Hong Kong and the Central America states (Panama and Costa Rica; Guatemala) and the Philippines. Negotiations are currently ongoing with India, other Central America States, Thailand, Indonesia, Vietnam and Malaysia. A free trade agreement was signed with Ecuador on 25 June 2018, and with Indonesia on 16 December 2018. Negotiations are currently ongoing with India, Vietnam, Malaysia and the Mercosur states (Argentina, Brazil Paraguay and Uruguay).
A bilateral Free Trade and Economic Partnership Agreement between Switzerland and Japan has been in force since September 2009. Switzerland was the first European country to have concluded such an agreement with Japan. In addition, a free trade agreement between Switzerland and China entered into force on 1 July 2014. China is the world's second largest economy after the USA and is Switzerland's third most important trade partner after the EU and the USA.
Furthermore, Switzerland and the other EFTA states continue to develop an active dialogue with other potential partners such as Moldova and Pakistan, in order to facilitate possible future free trade negotiations.
An overview of Switzerland's current network of free trade agreements, as well as ongoing negotiations or negotiations in preparation is available under the heading ‘Free trade agreements’ (List of Switzerland’s Free Trade Agreements).
 These are the agreements with Estonia, Latvia, Lithuania, Poland, Slovakia, Slovenia and the Czech Republic (EU accession in 2004), Bulgaria and Romania (EU accession in 2007) and Croatia (EU accession in 2013).
 Guatemala has acceded to the agreement, but it has not yet entered into force for this country)