The boundary that is international of Canaries could be the subject of dispute between Spain and Morocco. Morocco will not concur that the laws and regulations regarding territorial limitations allow Spain to claim for it self sea-bed boundaries in line with the territory associated with Canaries, since the Canary Islands are autonomous. In fact, the islands don't enjoy any unique degree of autonomy as each of the Spanish areas, as autonomous communities, occur beneath the same laws and standards. Under the Law for the Sea, the only islands perhaps not granted territorial waters or an Exclusive Economic area (EEZ) are the ones that are not fit for human habitation or don't have an financial life of their own, which is clearly maybe not the truth of the Canary Islands.
The boundary is pertinent for possible seabed oil deposits along with other ocean resource exploitation. Morocco therefore does not formally agree to the territorial boundary; it rejected a 2002 unilateral designation of a median line through the Canary Islands. 
The Islands have 13 seats within the Spanish Senate. Among these, 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 Canary Islands economy is based mainly on tourism, helping to make up 32 per cent associated with the GDP. The Canaries receive about 10 million tourists per year. Construction accocunts for nearly 20 per cent associated with the GDP and tropical farming, primarily bananas and tobacco, are grown for export to Europe therefore the Americas. Ecologists are concerned that resources, specially within the more arid islands, are increasingly being overexploited but there remain numerous agricultural resources like tomatoes, potatoes, onions, cochineal, sugarcane, grapes, vines, times, oranges, lemons, figs, wheat, barley, corn, apricots, peaches and almonds.
Gran Telescopio Canarias, 2006.
The economy is € 25 billion (2001 GDP figures). The islands experienced growth that is continuous a 20-year period through 2001, at a rate of approximately five % annually. This development had been fueled primarily by a large amount of Foreign Direct Investment, mostly to produce tourism estate that is realhotels and flats), and European Funds (near 11 billion euro within the period from 2000 to 2007), considering that the Canary Islands are labeled as area Objective 1 (eligible for euro structural funds). Also, the EU enables the Canary Island's federal government to offer tax that is special for investors whom integrate underneath the Zona Especial Canaria (ZEC) regime and produce above five jobs.
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A bitter feud developed between Gran Canaria and Tenerife over supremacy of the archipelago within the Canary Islands. The fortunes regarding the two rested mostly with their economic fate.
When the Canaries were declared a province of Spain in 1821, Santa Cruz de Tenerife was made the administrative centre. Bickering between the two islands that are main heated and Las Palmas often demanded that the province be split in 2. The theory had been shortly but unsuccessfully practice into the 1840s.
In 1927 Madrid finally made a decision to divide the Canaries into two provinces: Tenerife, Los Angeles Gomera, Los Angeles Palma and El Hierro within the west; Fuerteventura, Gran Canaria and Lanzarote in the east.
In the 1930s, while the left and also the right in mainland Spain became increasingly militant, worries of the coup expanded. A veteran of Spain’s wars in Morocco and beloved of the tough Spanish Foreign Legion, to the Canary Islands in March 1936 the government decided to ‘transfer’ General Franco.
Suspicions which he ended up being associated with a plot to overthrow the federal government were well-founded; as soon as the pro-coup garrisons of Melilla (Spanish North Africa) rose prematurely on 17 July, Franco ended up being ready. Having seized control associated with the islands practically with out a fight (the pro-Republican commander of this Las Palmas garrison died in mysterious circumstances on 14 July), Franco travelled to Morocco on 19 July. The nationalists wasted no time in rounding up anyone vaguely suspected of harbouring Republican sympathies although there was virtually no fighting on the islands.