Negotiations for the Association Agreement between the European Union (EU) and Andorra ended in December 2023. The EU Council’s decision on the legal nature of the agreement is currently being awaited.
The Association Agreement with the EU will entail the application of the principles of free movement of goods, persons, services and capital, as part of the internal market of the European Union. An equivalent framework will be available with the EU that will provide new opportunities for businesses and citizens in the form of growth and diversification of the Andorran
economy.
As a strategic sector and pillar of Andorra’s economy, Andorran Banking has reviewed the resources and knowledge of the sector and made them available to the Andorran government, in order to achieve balanced and realistic conditions of market access that enable a strong, solvent and competitive national banking sector.