The international boundary associated with Canaries may be the subject of dispute between Spain and Morocco. Morocco does not concur that the rules regarding territorial limitations enable Spain to claim for itself sea-bed boundaries based on the territory associated with the Canaries, because the Canary Islands are autonomous. In fact, the islands do not enjoy any unique level of autonomy as all the Spanish regions, as autonomous communities, exist beneath the same laws and requirements. The only islands not granted territorial waters or an Exclusive Economic Zone (EEZ) are those that are not fit for human habitation or do not have an economic life of their own, which is clearly not the case of the Canary Islands under the Law of the Sea.
The Islands have actually 13 seats within the Spanish Senate. Of the, 11 seats are straight elected, three for Gran Canaria, three for Tenerife, one for each other island; two seats are indirectly elected by the Autonomous that is regional Government.
Economy
The Canary Islands economy is based mainly on tourism, making up 32 percent for the GDP. The Canaries get about 10 million tourists per year. Construction accocunts for nearly 20 % regarding the GDP and tropical agriculture, mainly bananas and tobacco, are grown for export to European countries as well as the Americas. Ecologists are concerned that resources, particularly within the more arid islands, are being overexploited but there stay numerous agricultural resources like tomatoes, potatoes, onions, cochineal, sugarcane, grapes, vines, dates, oranges, lemons, figs, wheat, barley, corn, apricots, peaches and almonds.
Gran Telescopio Canarias, 2006.
The economy is € 25 billion (2001 GDP numbers). The islands experienced continuous growth during a 20-year duration through 2001, at a consistent level of approximately five per cent annually. This development had been fueled primarily by huge amounts of Foreign Direct Investment, mostly to produce tourism property (resorts and apartments), and European Funds (near 11 billion euro within the duration from 2000 to 2007), since the Canary Islands are labeled as area goal 1 (eligible for euro structural funds). Additionally, the EU enables the Canary Island’s government to supply unique taxation concessions for investors whom include beneath the Zona Especial Canaria (ZEC) regime and create a lot more than five jobs.
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Within the Canary Islands, a bitter feud developed between Gran Canaria and Tenerife over supremacy for the archipelago. The fortunes for the two rested largely using their financial fate.
Once the Canaries were declared a province of Spain in 1821, Santa Cruz de Tenerife was made the administrative centre. Bickering between the two primary islands stayed heated and Las Palmas often demanded that the province be split in 2. The theory had been quickly but unsuccessfully apply in the 1840s.
In 1927 Madrid finally chose to divide the Canaries into two provinces: Tenerife, Los Angeles Gomera, La Palma and El Hierro within the western; Fuerteventura, Gran Canaria and Lanzarote within the east.
In the 1930s, whilst the left and the right in mainland Spain became increasingly militant, fears of the coup grew. In March 1936 the federal government chose to ‘transfer’ General Franco, a veteran of Spain’s wars in Morocco and beloved of the tough Spanish Foreign Legion, to your Canary Islands.
Suspicions he was taking part in a plot to overthrow the government had been well-founded; when the pro-coup garrisons of Melilla (Spanish North Africa) rose prematurely on 17 July, Franco had been prepared. Having seized control of the islands virtually without having a fight (the pro-Republican commander regarding the Las Palmas garrison died in mysterious circumstances on 14 July), Franco travelled to Morocco on 19 July. Though there had been which has no fighting regarding the islands, the Nationalists wasted no time in rounding up anyone vaguely suspected of harbouring Republican sympathies.