Liechtenstein’s foreign minister Aurelia Frick has called for more free trade agreements at the EFTA Ministerial meeting. The planned agreements with India and Brazil would be of major importance to Liechtenstein.
The ministers of the EFTA states – Liechtenstein, Switzerland, Norway and Iceland – met in Geneva yesterday, 21 November. As the government of Liechtenstein announced, foreign minister Aurelia Frick’s focus was on expanding the network of free trade agreements. This network currently consists of 27 agreements and grants companies from Liechtenstein transparent market access to 38 countries and territories worldwide.
In 2006, only 3 per cent of exports from EFTA countries went to the partner countries; that figure jumped to 12 per cent by 2015. “These figures underscore the major and growing importance of EFTA free trade agreements,” said Frick.
The planned agreements with India and Brazil would be of major importance for Liechtenstein’s economy, said Frick. Ministers from the other EFTA states also emphasised the importance of completing the negotiations with India as well as Indonesia, and to continue negotiations with Vietnam, Malaysia, Mexico and Chile.
The ministers welcomed the start of negotiations with Ecuador and the conclusion of exploratory talks with the Mercosur states of Brazil, Argentina, Uruguay and Paraguay. The latter is expected to pave the way soon to the start of negotiations.