The U.S. and Monaco enjoy excellent relations, which both countries seek to maintain and strengthen. Monaco is the second-smallest independent state in the world and is linked closely to France through several treaties and agreements. For more than 150 years, Monaco and the U.S. have worked together as partners and friends, and they established full diplomatic relations in 2006. The two share a strong commitment to international cooperation in addressing some of the world's greatest challenges and opportunities, seeking to promote greater freedom, transparency, and human rights.
Bilateral Economic Relations
The U.S. and Monaco have a modest amount of bilateral trade in goods. Monaco has full customs integration with France, which collects and rebates Monegasque trade duties. It also participates in the European Union market system through its customs union with France. Monaco has signed a tax information exchange agreement with the U.S.