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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 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 ]
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 (EU) is a supranational political and economic union of 27 member states that are located primarily in Europe. [ 9 ] [ 10 ] [ 11 ] The union has a total area of 4,233,255 km 2 (1,634,469 sq mi) and an estimated total population of over 449 million.