Andorra: History

1990

Andorra signs a customs union with the European Union.

2005

A cooperation agreement with European Union comes into effect.

2009 Andorra changes its banking rules to help other countries pursue tax evaders and money launderers.

2013

Under pressure from the European Union to fight tax evasion in the country, the government establishes an income tax for the first time.

2015

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

2016

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

2018

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