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The boundary that is international of Canaries could be the topic of dispute between Spain and Morocco. Morocco doesn't concur that the guidelines regarding territorial limitations allow Spain to claim for it self sea-bed boundaries based on the territory for the Canaries, because the Canary Islands are autonomous - http://En.Wiktionary.org/wiki/autonomous. In reality, the islands do not enjoy any unique degree of autonomy as all the Spanish regions, as autonomous communities, exist beneath the same regulations 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 boundary is applicable for feasible seabed oil deposits as well as other ocean resource exploitation. Morocco consequently does not formally consent to the territorial boundary; it rejected a 2002 unilateral designation of the median line from the Canary Islands. [10]

The Islands have 13 seats in the Spanish Senate. Of the, 11 seats are straight elected, three for Gran Canaria, three for Tenerife, one for every other area; two seats are indirectly elected by the local Autonomous Government.

The Islands that is canary economy based primarily on tourism, helping to make up 32 percent for the GDP. The Canaries receive about 10 million tourists per year. Construction comprises nearly 20 per cent associated with the GDP and tropical agriculture, mainly bananas and tobacco, are grown for export to Europe and also the Americas. Ecologists are involved that resources, specially into the more arid islands, are being overexploited but there stay numerous resources that are agricultural 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 figures). The islands skilled growth that is continuous a 20-year duration through 2001, at a consistent level of around five per cent yearly. This growth ended up being fueled primarily by huge amounts of Foreign Direct Investment, mostly to develop tourism property (hotels and apartments), and European Funds (near 11 billion euro within the period from 2000 to 2007), because the Canary Islands are labeled as Region goal 1 (eligible for euro structural funds). Furthermore, the EU allows the Canary Island's government to offer tax that is special for investors who include beneath the Zona Especial Canaria (ZEC) regime and produce more than five jobs.
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Maps of this Canary Islands drawn by William Dampier during their voyage to New Holland in 1699.

Following the conquest, the Castilians imposed a brand new economic model, centered on single-crop cultivation: first sugar cane; then wine, a significant product of trade with England. In this period, the very first institutions of colonial government had been launched. Both Gran Canaria and Tenerife, a Spanish colony since 1495, had separate governors.

The towns and cities of Las Palmas de Gran Canaria and Santa Cruz de Tenerife became a stopping point for the Spanish conquerors, traders, and missionaries on their method to the New World. This trade route brought great success to some of the social sectors of the islands. The islands became quite rich and quickly were attracting merchants and adventurers from all over Europe. Magnificent palaces and churches had been built on the island of Los Angeles Palma during this busy, prosperous period. The Church of El Salvador survives as one of the island's finest types of the architecture of the 1500s.

The Canaries' wealth invited assaults by pirates and privateers. Ottoman Turkish privateer and admiral Kemal Reis ventured into the Canaries in 1501, while Murat Reis the Elder captured Lanzarote in 1585.

The absolute most severe attack took invest 1599, throughout the Dutch War of Independence. A Dutch fleet of 74 ships and 12,000 males, commanded by Johan Van der Does, attacked the capital, Las Palmas, that has been house to nearly half Gran Canaria's population). The Castillo was attacked by the Dutch de la Luz, which guarded the harbor. The Canarians evacuated civilians from the city, plus the Castillo surrendered (but not the city). The Dutch moved inland, but Canarian cavalry drove them back again to Tamaraceite, nearby the city.

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