Customs Union
Further information: European Union Customs UnionThe "Agreement between the European Economic Community and the Principality of Andorra" (signed 28 June 1990, entered into force 1 July 1991) establishes a customs union with most favoured nation status between the Principality and the EU. Andorra is treated as an EU state where trade in manufactured goods is concerned, but not for agricultural produce.
There are full customs checks on the EU side of the border, as Andorra has low VAT and other indirect taxes, such as those for alcohol, tobacco and petrol, from which visitors might benefit.
Read more about this topic: Andorran And The Euro
Famous quotes containing the words customs and/or union:
“Change often makes accepted customs into crimes.”
—Mason Cooley (b. 1927)
“The only hope of socialism resides in those who have already brought about in themselves, as far as is possible in the society of today, that union between manual and intellectual labor which characterizes the society we are aiming at.”
—Simone Weil (1909–1943)