Andorra wishes to maintain relations of friendship and cooperation with Equatorial Guinea

On 2nd April, the Equatorial Guinea Ambassador to Portugal, also accredited before the Community of Portuguese Language Countries (CPLP), Tito Mba Ada, received in audience Jaume Serra Serra, accredited Ambassador from the Principality of Andorra to Portugal.

During the audience, the two diplomats looked closely at the possibilities of strengthening the relations of friendship and cooperation that could benefit the two countries, whose geo-strategic profiles are similar in many respects.

The meeting provided an opportunity for the Ambassador from the Principality of Andorra to ask Mba Ada for support from Equatorial Guinea in allowing his country to enter the CPLP, for now as an associated observer country.

Furthermore, the Andorran diplomat proposed the setting up of diplomatic relations with our country; a wish that could take place through the signing of agreements establishing the bases for cooperation which promises to be fruitful in various areas of common interest.

Andorra is a small European principality, located in the Pyrenees mountain range, with Spain to the south, and France to the north. The country only covers 468 km�, with much of this area being high mountains.

The capital of Andorra is Vella, where 24,600 of the country’s 85,500 inhabitants live. The population is made up of 37% of Andorrans, and there is a significant group of foreigners, among them Spainards (32%), Portuguese (16%), French (6%) and other nationalities (9%). The official language is Catalan. However, Spanish is the most widely spoken language.

Political situation

The country is a parliamentary co-principality, with the position of Head of State shared by two co-princes, who are the President of the French Republic, and the Bishop of the Spanish region of Seu d’Urgell. The Parliament and head of the Government are elected thorough universal suffrage thanks to the 1993 Constitution, which eliminated the last vestiges of a feudal past and transformed it into a full democracy.

Economy

The main pillar of the Andorran economy is tourism. Its excellent ski slopes, its shopping centres and its status as a tax haven allow this small principality to receive an average of 11 million visitors per year. It is no wonder that the sector produces over 80% of its gross domestic product.

The country does not have an airport, port, or navigable rivers. The only way to access the country is by road, from Spain or France. The roads are good, but its mountain landscape far from major cities makes access more complicated.

Currency

The Principality does not have or issue its own currency, and used the Euro as legal tender, due to its close relationship with France and Spain.

Tax haven

Andorra is not a tax haven by design. There are no special laws or offshore regime which differs from that for society or the bank. IN part this is in not necessary, due to the fact that the Principality does not apply direct taxation to natural or legal persons, whether residents or not.

Source: Official Web Page of the Government of the Republic of Equatorial Guinea

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