San Marino and Italy amend friendship treaty
On 29 June 2008, San Marino and Italy amended a longstanding bilateral treaty aimed at strengthening their historically close relationship and addressing issues related to taxation and financial regulation. The newly amended treaty highlighted a commitment to combat tax evasion and ensure compliance with international standards, reflecting broader European initiatives to promote fiscal transparency. With the amendment, San Marino aimed to align itself with EU norms and address concerns about its financial practices, which had faced scrutiny from some quarters within Europe. The treaty underscored the interdependence between Italy and San Marino, given their geographic proximity and intertwined economies. It also reinforced the commitment to cooperation and mutual respect between the two countries, ensuring both continued to benefit from positive diplomatic and economic relations.