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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 borders one EU member state: France . However this relationship does not extend to external trade.
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 has the only seaport; the others are landlocked. Arrival from outside the Schengen Area is allowed in Monaco, [3] [4] but not in San Marino and the Vatican City as they have no border controls. [4] Monaco is a part of the EU customs territory through an agreement with France, and is administered as part of France.
Map of the European microstates Monaco. A European microstate or European ministate is a very small sovereign state in Europe.In modern usage, it typically refers to the six smallest states in Europe by area: Andorra, Liechtenstein, Malta, Monaco, San Marino, and Vatican City (the Holy See). [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 European Union Customs Union (EUCU), formally known as the Community Customs Union, is a customs union which consists of all the member states of the European Union (EU), Monaco, and the British Overseas Territory of Akrotiri and Dhekelia. Some detached territories of EU states do not participate in the customs union, usually as a result of ...
The Principality of Monaco is a sovereign and independent state, linked closely to France by the Treaty of July 1918, which was formally noted in Article 436 of the Treaty of Versailles of 1919. The foreign policy of Monaco is one illustration of this accord: France has agreed to defend the independence and sovereignty of Monaco, while the ...
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.