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Customs union and cooperation
Cooperation between the EU and Andorra is based on the Agreement on taxation of savings. In 2013, the EU and Andorra decided to open negotiations on revisions to this Agreement.
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.
Participation inthe EU single market
In March 2014, the Commission recommended the opening of negotiations with Andorra, Monaco and San Marino on these countries' participation in the single market.
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.