Editing Economy of San Marino (section)

== Economic relations with Italy and the EU ==
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{{Further|San Marino–European Union relations}}
In the years following the [[Italian unification]] of 1861, several treaties were signed between San Marino and the newborn [[Kingdom of Italy]]. The first such treaty addressing economic issues was signed in 1865 for the introduction of the [[Sammarinese lira]], which was equivalent to the Italian lira and fully recognized as a legal tender in both countries. Probably the most important agreement is the convention of friendship and good neighborhood that was signed in 1939, during fascism. This treaty establishes a customs union with Italy and sets out some limitations on the carrying out of certain economic activities, like tobacco cultivation, gambling, and radio broadcasting.

While San Marino is not part of the [[European Union]], it had a customs union with it since 1991, and there is an open border between the two areas. San Marino also uses the [[Euro]] as its currency since 2000, when an agreement was signed with Italy, on behalf of the EU. A new monetary convention was signed in 2012 directly with the EU, covering a wider range of financial and monetary issues. San Marino is also allowed to mint [[Sammarinese euro coins|Sammarinese Euro coins]], which are printed by the Italian mint in Rome but feature a different national design than [[Italian euro coins|Italian Euro coins]]. Since they are minted in a very limited amount, they are rare and highly appreciated by coin collectors.

The main commercial partner of San Marino is Italy, with which around 88% of exports and 78% of imports take place (2017). Other important partners are the other countries of the EU, especially France and Germany.