Andorra
Andorra has 35 state-owned enterprises (SOEs) associated with health, social services, and energy and telecommunication, which are generally allowed to compete with private
Andorra has bilateral investment agreements with France (2003), Spain (2003), and Portugal (2007). No bilateral investment treaties, free trade agreements, or bilateral taxation treaties currently exist between Andorra and the United States.
Andorra is a signatory to the European Union's Convention 108 on Data Protection, which is the origin of many of Andorra's current data protection laws. Andorra does not follow a “forced localization” policy. 5. Protection of Property Rights The constitution guarantees the right to private ownership for citizens and residents.
The Andorran government implemented new national security screening and approval procedures for inbound foreign investment with the reform of the Foreign Investment Law in July 2022.
The Andorran economy is undergoing a process of digitalization and diversification to minimize reliance on tourism and commerce. In 2006, the Government began sweeping economic reforms.
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