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Monaco is not part of the European Union (EU), but participates in certain EU policies, including customs and border controls. Through its relationship with France, Monaco uses the euro as its sole currency. Monaco joined the Council of Europe in 2004 and is a member of the Organisation internationale de la Francophonie (OIF).
Monaco participates in the EU customs union through its relationship with France; its ports are administered by the French. Vatican City has a customs union in effect with Italy. 2 Andorra, Monaco, San Marino and Vatican City are not members of Schengen, but act as such via their open borders with Spain, France and Italy, respectively.
Monaco participates in a number of European Union policies through its interaction with France. Monaco is in the EU's customs and VAT area, is a de facto member of the Schengen Area due to its open border with France and uses the euro as its sole currency. France: 29 April 1873
Relations between the Principality of Monaco and the European Union (EU) are primarily conducted through France. Through that relationship Monaco directly participates in certain EU policies. Monaco is an integral part of the EU customs territory and VAT area , and therefore applies most measures on excise duties and VAT . [ 1 ]
The European Union (EU) is a political and economic union of 27 member states that are party to the EU's founding treaties, and thereby subject to the privileges and obligations of membership. They have agreed by the treaties to share their own sovereignty through the institutions of the European Union in certain aspects of government.
The agencies of the European Union (formally: Agencies, decentralised independent bodies, corporate bodies and joint undertakings of the European Union and Euratom) are bodies of the European Union and Euratom established as juridical persons through secondary EU legislation and tasked with a specific narrow field of work. [1] They are distinct ...
Andorra, Monaco, and San Marino have all stated their desire to deepen relations with the EU. In November 2012, after the Council of the European Union had called for an evaluation of the EU's relations with these microstates, which they described as "fragmented", [9] the European Commission published a report outlining options for their further integration into the EU. [7]
the Council of the European Union (of member state ministers, a council for each area of responsibility), the European Commission, the Court of Justice of the European Union, the European Central Bank and; the European Court of Auditors. [1] Institutions are distinct from both advisory bodies to the European Union and agencies of the European ...