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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 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).
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 ]
1 These countries are currently not participating in the EU's single market (EEA), but the EU has common external Customs Union agreements with Turkey (EU-Turkey Customs Union in force since 1995), Andorra (since 1991) and San Marino (since 2002). Monaco participates in the EU customs union through its relationship with France; its ports are ...
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 ...
In 2016, the US is 27.2% of European-Union (28) commercial services exports, and 30.5% of European-Union (28) commercial services imports [16] In August 2020, the EU and US agreed, for the first time in two decades, to reduce certain tariffs (on a most favoured nation basis, meaning the tariffs are dropped for all trading partners).
The European Union Agency for the Space Programme (EUSPA), headquartered in Prague, Czech Republic, was established in 2021 to manage the European Union Space Programme in order to implement the pre-existing European Space Policy, established on 22 May 2007 between the EU and the European Space Agency (ESA), known collectively as the European ...