Customs union and cooperation
Cooperation between the EU and Andorra is based on the Agreement on taxation of savings.
Euro as legal tender
The Monetary Agreement allows Andorra to use the euro as legal tender and mint euro coins up to a specified maximum value.
Integration into the EU single market
In 2010, the Council of the EU requested an analysis of the possibilities for integrating Andorra, Monaco and San Marino more closely into the single market. The EEAS and the Commission are exploring “a possible new institutional framework for relations” (see 2011 report – Hungarian Council Presidency ).
The EU and Andorra also cooperate on a number of European and global issues. This includes cooperation on regional policy in the Pyrenean mountains and regular contacts between EU and Andorran diplomatic representations to major international organisations, such as in New York, Geneva, Vienna and Strasbourg, in order to exchange information and coordinate positions on matters of foreign, security and human rights policy.