 If the accord were accepted by Switzerland, the country would be in a similar position with regard to imposition of EU law (albeit only in the above five fields) as that in the other EFTA countries which are members of the EEA.Further to matters of sovereignty, specific concerns raised in Switzerland include possible impact on state aid law on the cantonal banks, the potential for transposition of the Citizens’ Rights Directive into Swiss law (and any resulting impact on social welfare for example) and the possible impact on wages enjoyed in the country.Accepting the accord is considered by the Commission to be necessary to allow Swiss access to new fields of the European single market, including the electricity market and stock exchange equivalence.