France–Monaco relations signed the Treaty of 1945 and the Agreement of 1963 on furthering their relationship. In 2002, the laws deriving from the Treaty of Versailles that governed relations between Monaco and France were renegotiated. It was finally ratified in 2005 with new terms that: upgraded France's representation from a consulate to that of an embassy; permitted other countries to accredit ambassadors to Monaco; and, formally recognised Monaco's ruling Grimaldi dynasty's succession scheme that was initially set out in the 1962 constitution, and which also extended eligibility to the ruling prince's daughters and other family members. The European External Action Service has
International University of Monaco before updating its name in 2002 to better reflect both its ideology and location in Fontvieille, Monaco. The school maintains a number of international memberships including: the Association to Advance Collegiate Schools of Business (AACSB), the European Foundation for Management Development (EFMD), and the European Council of International Schools (ECIS). The MBA programs at the university are accredited by the Association of MBAs (AMBA. The IUMs current student body and alumni represent more than seventy-five nationalities. International University of Monaco The International University of Monaco (IUM) is located on the western edge of the Principality of Monaco, next to the