NEW YORK: The Sultanate of Oman and the Principality of Monaco have signed a joint statement to establish diplomatic relations between them.
The joint statement was signed by Ambassador Lyutha Sultan al-Mughairy, the Permanent Representative of Oman to the United Nations and Ambassador Isabelle Picco, the Permanent Representative of Monaco to the United Nations.
It is worth to mention that Monaco actively participates in the United Nations, which it joined in 1993. Monaco joined the Council of Europe on October 4, 2004. Monaco also is a member of many international and intergovernmental organizations, including Interpol, the UNESCO, and the World Health Organization (WHO). The International Hydrographic Bureau (IHB) is headquartered in Monaco.
Monaco has 10 diplomatic missions in Western Europe and permanent representation at the United Nations and the Council of Europe. It maintains honorary consulates in 106 cities in 45 countries. Seventy-six countries have consulates general, consulates, or honorary consulates in or accredited to Monaco.
The Principality of Monaco and the United Arab Emirates established formal diplomatic relations. Ambassador Camillo Gonsalves, Permanent Representative of Saint Vincent and the Grenadines to the United Nations, signed instruments with his counterparts from Monaco and the UAE on the 12th and 20th of February 2009 respectively.
Monaco is a small state with no natural resources, much like Saint Vincent and the Grenadines. Nonetheless, Monaco has managed to develop a thriving economy based on high-end niche tourism and sophisticated financial services.
Saint Vincent and the Grenadines sees not only opportunities to cooperate with Monaco to share developmental and technical expertise, but also to forge partnerships and positions based on the two States' mutual interests in the tourism and financial sectors. (QNA)