“Italy and Andorra are actively taking part in negotiations in order to strengthen economic and financial relations. Both countries signed a convention on the free movement of goods and human resources in 2015. An agreement on the automatic exchange of tax information was ratified last year. Negotiations to conclude an agreement on the exclusion of double taxation are underway.
Italy is in full support of Andorra’s initiative to create an association agreement with the EU, along with two other small states of Europe – San Marino and Monaco. The main advantage of the association is the open access it will create to the European market. Free circulation of capital will remove bureaucratic procedures and simplify the export of goods and services, and will also promote the development of competitiveness of the economies of these small states. Finally, this will help Andorra attract more international investors, including ones from Italy.
Italy and Andorra are also active in the fight against organized crime. Last year Andorra was visited by representatives of the Italian prosecutor’s office for combating the mafia. This year, the delegation of the Commissione Parlamentare Antimafia is scheduled to visit the Principality.
Talking about important visits, I would also like to mention the Italian Ambassador’s visit to Spain, Stefano Sannino. The goal is to participate in the celebration of Andorra’s national day on 14 March. This is the first visit of the Italian Ambassador over the past few years, which indicates the strengthening of relations between the countries. Read more: https://all-andorra.com/italians-come-to-andorra-to-create-their-own-businesses-in-various-fields-such-as-technology-consulting-real-estate-jewellery-and-gastronomy-said-the-honorary-consul-of-italy-in-andorra-alberto-rossi/