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  • Monaco

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    Monaco has had close political and economic ties to France since 1918 through treaties that formalized France's commitment to defend Monaco while respecting its sovereignty. Monaco uses the euro as its currency and is part of the European Union customs union through its relationship with France. While Monaco conducts diplomatic relations with other countries, it has strong historical and ongoing connections to France in terms of defense, currency, and international organizations.

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    Monaco has had close political and economic ties to France since 1918 through treaties that formalized France's commitment to defend Monaco while respecting its sovereignty. Monaco uses the euro as its currency and is part of the European Union customs union through its relationship with France. While Monaco conducts diplomatic relations with other countries, it has strong historical and ongoing connections to France in terms of defense, currency, and international organizations.

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    © All Rights Reserved
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    6 views1 page

    Monaco

    Uploaded by

    Kash
    Monaco has had close political and economic ties to France since 1918 through treaties that formalized France's commitment to defend Monaco while respecting its sovereignty. Monaco uses the euro as its currency and is part of the European Union customs union through its relationship with France. While Monaco conducts diplomatic relations with other countries, it has strong historical and ongoing connections to France in terms of defense, currency, and international organizations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Monaco has been closely linked to France since 1918, when a treaty made between

    the two countries formalized France's commitment to defend Monaco and respect
    its sovereignty "so long as it is exercised in conformity with the political, military,
    naval, and economic interests of France." During his reign, Prince Rainier has
    negotiated two additional treaties of significance (in 1954 and 1963) with France,
    updating but not fundamentally altering this relationship. France may station troops
    in Monaco and make use of Monaco's territorial waters because of the customs union
    arranged with France.
    Monaco is closely associated with the economic apparatus of the European Union
    (EU) through its customs union with France and its reliance on the euro (previously
    the French franc) as official currency.
    Monaco sends ambassadors to the Vatican, Paris, and a few European capitals.
    France finally allowed Monaco to join the United Nations (UN) in 1993.
    The principality is a member of the UN Educational, Scientific, and Cultural
    Organization (UNESCO) and other affiliated UN organizations. It also participates in
    the Conference for European Security and Cooperation. Several international
    organizations have their headquarters in Monaco, including the International
    Commission for the Scientific Exploration of the Mediterranean Sea, the
    International Hydrographic Bureau, and the International Commission for LegalMedical Problems. It is also the seat for the International Academy of Tourism,
    founded in 1951 by Prince Rainier III.

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