THE EUROPEAN COMMISSION,Having regard to the Treaty on the Functioning of the European Union,Having regard to Council Decision (EU) 2025/2610 of 12 December 2025 on amendments to the Monetary Agreement between the European Union and the Principality of Andorra and to the Monetary Agreement between the European Union and the Republic of San Marinonote, and in particular Article 2 thereof,Whereas:
(1)The Monetary Agreement between the European Union and the Principality of Andorranote and the Monetary Agreement between the European Union and the Republic of San Marinonote (the ‘Monetary Agreements’) were signed on 30 June 2011 and 27 March 2012, respectively.
(2)On 12 December 2025, the Council empowered the Commission to negotiate, sign and conclude the amendments to the Monetary Agreements to address the partial overlapping of identical duties under the Monetary Agreements and the expected Agreement establishing an association between the European Union and the Principality of Andorra and the Republic of San Marino, respectively (the ‘Association Agreement’).
(3)Pursuant to Article 2 of the Council Decision of 12 December 2025, the agreements amending the Monetary Agreements (the ‘Amending Agreements’) were successfully negotiated by the Commission.
(4)The European Central Bank (ECB) was fully associated with the negotiations insofar as they concerned its field of competence.
(5)The Commission submitted the draft Amending Agreements to the Economic and Financial Committee (EFC) for opinion.
(6)Neither the ECB nor the EFC are of the opinion that the agreements should be submitted to the Council.
(7)In accordance with Decision (EU) 2025/2610, it is for the Commission to ensure the signing and the conclusion of the Amending Agreements.
(8)In accordance with Commission Decision (EU) 2024/3080note and in particular Article 3(1) it is for the President, who represents the Commission, to sign and conclude the Amending Agreements or to designate any other person. In this regard, the President will designate the Commissioner with responsibility for economy and productivity to sign and conclude the Amending Agreements referred to in Article 1, paragraph 1,
HAS DECIDED AS FOLLOWS:
Article Sole Article#
(1)The agreements amending the Monetary Agreement between the European Union and the Principality of Andorra and the Monetary Agreement between the European Union and the Republic of San Marino, as set out in Annex I and II respectively, are hereby approved.
(2)Each agreement referred to in paragraph 1 shall enter into force on the first day of the second month following the date on which both parties have notified each other that their ratification procedures have been completed in accordance with the rules applicable to each party. It shall be published in the Official Journal of the European Union.
Annex I
Annex II
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