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Economy Of Andorra
The economy of Andorra is a developed and free market economy driven by finance, retail, and tourism. The country's gross domestic product (GDP) was US$6.00 billion in 2024. Attractive for shoppers from France and Spain as a free port, Andorra also has developed active summer and winter tourist resorts. With some 270 hotels and 400 restaurants, as well as many shops, the tourist trade employs a growing portion of the domestic labour force. An estimated 10 million tourists visit annually. There is a fairly active trade in consumer goods, including imported manufactured items, which, because they are duty-free, are less expensive in Andorra than in neighboring countries. Andorra's duty-free status also has had a significant effect on the controversy concerning its relationship with the European Union (EU). Its negotiations on duty-free status and relationship with the EU began in 1987, soon after Spain joined. An agreement that went into effect in July 1991 sets duty-free quotas and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andorra La Vella
Andorra la Vella is the capital and largest city of Andorra. It is located high in the east Pyrenees, between France and Spain. It is also the name of the parishes of Andorra, Andorran parish that surrounds the capital. , the city had a population of 22,256, and the urban area, which includes Escaldes–Engordany plus satellite villages, has over 40,000 inhabitants. The principal industry is tourism, and the country also earns foreign income from being a tax haven. It is at an elevation of , and is the highest capital city in Europe. The city shares a border with Spain. Name ''Andorra la Vella'' means "the city of Andorra", to distinguish it from the Principality of Andorra as a whole. Although in Catalan the word ''vella'' (like French ''vieille'') is derived from the Latin word ''vetula'' which means "old", the ''Vella'' here (like French ''ville'' and Catalan ''vila'') is derived from the Latin word ''villa'', meaning "city". History The site of Andorra la Vella has been ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Port
A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade. Definition The World Bank defines free trade zones as "small, fenced-in, duty-free areas, offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations". Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services. Synonyms Free-trade zones ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Andorra
The economy of Andorra is a developed and free market economy driven by finance, retail, and tourism. The country's gross domestic product (GDP) was US$6.00 billion in 2024. Attractive for shoppers from France and Spain as a free port, Andorra also has developed active summer and winter tourist resorts. With some 270 hotels and 400 restaurants, as well as many shops, the tourist trade employs a growing portion of the domestic labour force. An estimated 10 million tourists visit annually. There is a fairly active trade in consumer goods, including imported manufactured items, which, because they are duty-free, are less expensive in Andorra than in neighboring countries. Andorra's duty-free status also has had a significant effect on the controversy concerning its relationship with the European Union (EU). Its negotiations on duty-free status and relationship with the EU began in 1987, soon after Spain joined. An agreement that went into effect in July 1991 sets duty-free quotas and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tourism In Andorra
Andorra is a tourist destination in Europe. Tourism in Andorra revolves around outdoor activities such as hiking and skiing, shopping, gastronomy, and cultural experiences. Skiing Andorra has several major ski resorts, including Soldeu/El Tarter and Pal/Arinsal. These are very popular with tourists from Spain, France and the United Kingdom, particularly because their relatively gentle slopes are ideal for less experienced people as well as families. Andorran ski schools are among the largest in Europe. Andorra also has many hiking trails which can be explored during the summer months, when the snow has thawed. Cross-country running, and cycling are also popular activities. Shopping Because it is not a member of the European Union, Andorra is able to sell a wide range of duty-free products, including alcohol, perfume and cigarettes. Shops in Andorra close for only four days per year. Shops also have long hours, with business days from Sunday to Thursday often lasting until 8 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sotheby's Andorra
Sotheby's ( ) is a British-founded multinational corporation with headquarters in New York City. It is one of the world's largest brokers of fine and decorative art, jewellery, and collectibles. It has 80 locations in 40 countries, and maintains a significant presence in the UK. Sotheby's was established on 11 March 1744 in London by Samuel Baker, a bookseller. In 1767 the firm became Baker & Leigh, after George Leigh became a partner, and was renamed to Leigh and Sotheby in 1778 after Baker's death when his nephew, John Sotheby, inherited Leigh's share. Other former names include: Leigh, Sotheby and Wilkinson; Sotheby, Wilkinson and Hodge (1864–1924); Sotheby and Company (1924–83); Mssrs Sotheby; Sotheby & Wilkinson; Sotheby Mak van Waay; and Sotheby's & Co. The American holding company was initially incorporated in August 1983 in Michigan as Sotheby's Holdings, Inc. In June 2006, it was reincorporated in the State of Delaware and was renamed Sotheby's. In June 2019, Soth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Customs Union
A customs union is generally defined as a type of trade bloc which is composed of a free trade area with a common external tariff.GATTArticle 24 s. 8 (a) Customs unions are established through trade pacts where the participant countries set up common external trade policy (in some cases they use different import quotas). Common competition policy is also helpful to avoid ''competition deficiency''. Reasons for establishing a customs union normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries. It is the third stage of economic integration. Every economic union, customs and monetary union and economic and monetary union includes a customs union. WTO definition The General Agreement on Tariffs and Trade, part of the World Trade Organization framework defines a customs union in the following way: Historical background The German Customs Union, the Zollverein, which was established in 1834, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Haven
A tax haven is a term, often used pejoratively, to describe a place with very low tax rates for Domicile (law), non-domiciled investors, even if the official rates may be higher. In some older definitions, a tax haven also offers Bank secrecy, financial secrecy. However, while countries with high levels of secrecy but also high rates of taxation, most notably the United States and Germany in the Financial Secrecy Index (FSI) rankings, can be featured in some tax haven lists, they are often omitted from lists for political reasons or through lack of subject matter knowledge. In contrast, countries with lower levels of secrecy but also low "effective" rates of taxation, most notably Ireland in the FSI rankings, appear in most . The consensus on ''effective tax rates'' has led academics to note that the term "tax haven" and "offshore financial centre" are almost synonymous. In reality, many offshore financial centers do not have harmful tax practices and are at the forefront among ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Intelligence Agency
The Central Intelligence Agency (CIA; ) is a civilian foreign intelligence service of the federal government of the United States tasked with advancing national security through collecting and analyzing intelligence from around the world and conducting covert operations. The agency is headquartered in the George Bush Center for Intelligence in Langley, Virginia, and is sometimes metonymously called "Langley". A major member of the United States Intelligence Community (IC), the CIA has reported to the director of national intelligence since 2004, and is focused on providing intelligence for the president and the Cabinet. The CIA is headed by a director and is divided into various directorates, including a Directorate of Analysis and Directorate of Operations. Unlike the Federal Bureau of Investigation (FBI), the CIA has no law enforcement function and focuses on intelligence gathering overseas, with only limited domestic intelligence collection. The CIA is responsibl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The World Factbook
''The World Factbook'', also known as the ''CIA World Factbook'', is a Reference work, reference resource produced by the United States' Central Intelligence Agency (CIA) with almanac-style information about the countries of the world. The official print version is available from the Government Publishing Office. The ''Factbook'' is available in website and downloadable formats. It provides a two- to three-page summary of the demography, demographics, geography, communications, government, economy, and military of 266 international entities, including List of countries by date of recognition of the United States, U.S.-recognized countries, dependencies, and other areas in the world. ''The World Factbook'' is prepared by the CIA for the use of Federal government of the United States, U.S. government officials, and its style, format, coverage, and content are primarily designed to meet their requirements. It is also frequently used as a resource for academic research papers and n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tourism
Tourism is travel for pleasure, and the Commerce, commercial activity of providing and supporting such travel. World Tourism Organization, UN Tourism defines tourism more generally, in terms which go "beyond the common perception of tourism as being limited to holiday activity only", as people "travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure and not less than 24 hours, business and other purposes". Tourism can be Domestic tourism, domestic (within the traveller's own country) or International tourism, international. International tourism has both incoming and outgoing implications on a country's balance of payments. Between the second half of 2008 and the end of 2009, tourism numbers declined due to a severe Economy, economic slowdown (see Great Recession) and the outbreak of the 2009 2009 flu pandemic, H1N1 influenza virus. These numbers, however, recovered until the COVID-19 pandemic put an abrupt end to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agriculture
Agriculture encompasses crop and livestock production, aquaculture, and forestry for food and non-food products. Agriculture was a key factor in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to live in the cities. While humans started gathering grains at least 105,000 years ago, nascent farmers only began planting them around 11,500 years ago. Sheep, goats, pigs, and cattle were domesticated around 10,000 years ago. Plants were independently cultivated in at least 11 regions of the world. In the 20th century, industrial agriculture based on large-scale monocultures came to dominate agricultural output. , small farms produce about one-third of the world's food, but large farms are prevalent. The largest 1% of farms in the world are greater than and operate more than 70% of the world's farmland. Nearly 40% of agricultural land is found on farms larger than . However, five of every six farm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arable Land
Arable land (from the , "able to be ploughed") is any land capable of being ploughed and used to grow crops.''Oxford English Dictionary'', "arable, ''adj''. and ''n.''" Oxford University Press (Oxford), 2013. Alternatively, for the purposes of agricultural statistics, the term often has a more precise definition: A more concise definition appearing in the Eurostat glossary similarly refers to actual rather than potential uses: "land worked (ploughed or tilled) regularly, generally under a system of crop rotation". In Britain, arable land has traditionally been contrasted with pasturable land such as heaths, which could be used for sheep-rearing but not as farmland. Arable land is vulnerable to land degradation and some types of un-arable land can be enriched to create useful land. Climate change and biodiversity loss are driving pressure on arable land. By country According to the Food and Agriculture Organization of the United Nations, in 2013, the world's arable land amo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
