France and Monaco

Political relations

Political relations between France and Monaco are close, and have developed profoundly towards strengthening the sovereignty of the Principality, particularly since the signing of the treaty of friendship in 2002, the signing of the administrative cooperation convention in 2005, and the establishment of diplomatic relations, with our Consulate in Monaco becoming an Embassy on1 January 2006.

We have strategic economic interests in Monaco because of the Principality’s role as a key employment basin (100,000 jobs), as well as diplomatic interests, as its influence is far greater than its size suggests.

Visits

Visits of Prince Albert II to Paris
  • 8 November 2005: Prince Albert II visited Paris. He met with President Chirac.
  • 18 November 2007: Prince Albert II visited Paris. He met with President Sarkozy.
  • 13 July 2008: Prince Albert II attended the Summit of the Union for the Mediterranean, in Paris.
  • 7 December 2012: Prince Albert II and the President of the French Republic, François Hollande, held a working lunch at the Élysée Palace.
  • 19 September 2015: Prince Albert II visited Paris for the Heritage Days (in the context of the tercentenary of the alliance between the Grimaldi and Matignon families). He met with the Prime Minister, Manuel Valls.
Visits of the President of the French Republic to Monaco
  • 24 July 1997: Mr Chirac made a presidential visit to Monaco for the 700ᵗʰ anniversary of the Principality.
  • 15 April 2005: President Chirac attended the funeral of Prince Rainier III.
  • 25 April 2008: President Sarkozy made an official visit to Monaco.
  • 2 July 2011: President Sarkozy attended the wedding of Prince Albert II.
  • 14 November 2013: the President of the French Republic made an official visit to the Principality.

Financial relations

Financial relations with Monaco are founded on the 1865 customs agreement, which gave rise to a customs union that was renewed on 18 May 1963 when the two countries signed a tax convention and exchanged official letters in the area of banking regulation. French nationals who began living in Monaco after 13 October 1957 are subject to French tax on the income of natural persons.

In 1999, Monaco was granted the right to mint euro coins with the Monegasque coat of arms, up to a volume of 1 for every 500 coins issued in France. Monegasque euros are minted by the Monnaie de Paris (Paris Mint). In 2001, a monetary convention signed between Monaco and France (on behalf of the European Commission), introducing the euro in Monaco. Since November 2013, discussions have been underway between France and the European Commission on the application of the provisions relating to the banking union and the supervision of financial institutions.

Bilateral cooperation

The CCFM (annual commission for Franco-Monegasque cooperation) is co-chaired by the Secretary-General of the French Ministry for Europe and Foreign Affairs and by the Minister of State of the Principality of Monaco, and is the cornerstone of our very dense bilateral relations. The last two CCFM meetings were held on 21 April 2015 in Monaco and 31 May 2016 in Paris. At the latter, their ninth meeting, discussions were held on issues including Monaco’s process of rapprochement with the EU (with San Marino and Andorra, which should lead to the signing of an Association Agreement), as well as cooperation between France and Monaco on health, transport issues, and economic matters of common interest, in addition to international affairs (francophonie and COP21 follow-up).

Our relations are also structured around the meetings of three other bilateral bodies: the commission for local issues relating to cross-boundary cooperation between Monaco and France, which was set up in 2006 to improve the management of local and neighbourhood issues, for example through the creation of thematic working groups, and restarted in July 2013; the bilateral commission for monitoring the implementation of the social security convention (major health issues); and the joint commission on tax matters (monitoring the implementation of the 1963 tax convention and in particular, the VAT-sharing system).

Cultural, scientific and technical cooperation

Monaco is a party to the 1954 European Cultural Convention of the Council of Europe.

French is the official language of the Principality. The people of Monaco have a national language, Monegasque, which is compulsory in State schools for pupils up to the age of 13 and optional beyond that. The school curriculum is the same in Monaco as in France. In addition, Radio Monte Carlo and Télé Monte Carlo broadcast French-language programmes throughout the Mediterranean area. Monaco joined the International Organisation of La Francophonie (IOF) when it was founded in 1970, and is a very active member. The Sovereign Prince regularly attends IOF summits and Monaco participates actively in multilateral francophonie political bodies, including in drawing up the political content of each summit.

The Principality also offers excellent conditions for research. Many business in sectors such as food, plastics technology, cosmetics and pharmacology have established their research and development centres in Monaco. In addition, the Scientific Centre of Monaco (CSM), founded in 1960, is dedicated to the conservation and protection of marine life. It is in charge of the meteorological observatory set up by Prince Albert I, and has two laboratories for neurobiology and marine pollution studies. Lastly, Monaco is participating in “Horizon 2020”, the EU Framework Programme for Research and Innovation, as a third country.

Updated: 5 May 2017

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