• Andorra signs a customs union with the European Union.

  • A cooperation agreement with European Union comes into effect.

  • Andorra changes its banking rules to help other countries pursue tax evaders and money launderers.
  • Under pressure from the European Union to fight tax evasion in the country, the government establishes an income tax for the first time.

  • The U.S. imposes sanctions on Andorra's fourth-largest bank, the Banca Privada d'Andorra, for money laundering.

  • The U.S. lifts sanctions on the Banca Privada d'Andorra.

  • Andorra witnesses its first major strike in 85 years, with a third of civil servants protesting against proposals to change their contracts.


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