Monaco–Spain Relations
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Monaco–Spain Relations
Monaco–Spain relations are the bilateral relations between Monaco and Spain. Monaco has an embassy in Madrid Spain is accredited to Monaco from its embassy in Paris, France.Ficha de Mónaco
Oficina de Información Diplomática. Ministerio de Asuntos Exteriores y Cooperación. Sección: Datos de la Representación.


Diplomatic relations

In 1876, King Alfonso XIII authorized the creation of a legation of the Principality of Monaco in Madrid. Since then, the Principality maintained its representation continuously in the capital of Spain until, in the decade of the 30s and as a consequence of the Spanish civil war and after the world war, the legation was closed.
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Bilateral Relations
Bilateralism is the conduct of political, economic, or cultural relations between two sovereign states. It is in contrast to unilateralism or multilateralism, which is activity by a single state or jointly by multiple states, respectively. When states recognize one another as sovereign states and agree to diplomatic relations, they create a bilateral relationship. States with bilateral ties will exchange diplomatic agents such as ambassadors to facilitate dialogues and cooperations. Economic agreements, such as free trade agreements (FTAs) or foreign direct investment (FDI), signed by two states, are a common example of bilateralism. Since most economic agreements are signed according to the specific characteristics of the contracting countries to give preferential treatment to each other, not a generalized principle but a situational differentiation is needed. Thus through bilateralism, states can obtain more tailored agreements and obligations that only apply to particular con ...
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