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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).
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 ]
Monaco actively participates in the United Nations, which it joined in 1993. Monaco joined the Council of Europe on October 4, 2004. Monaco also is a member of many international and intergovernmental organizations, including Interpol, the UNESCO, and the World Health Organization (WHO).
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.
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.
Certain countries and territories are in customs union with the EU. These are: Monaco: relations between the Principality of Monaco and the EU are primarily conducted through France. Through that relationship Monaco directly participates in certain EU policies, including being an integral part of the EU customs territory and VAT area. [4]
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]
In the United States Government, the Bureau of European and Eurasian Affairs (EUR) is part of the United States Department of State, charged with implementing U.S. foreign policy and promoting U.S. interests in Europe and Eurasia (which it defines as being Europe, Turkey, Cyprus, the Caucasus Region, and Russia), as well as advising the Under Secretary of State for Political Affairs.