Liechtenstein is marking its 25th anniversary of joining EFTA. For export-oriented Liechtenstein companies, the 27 EFTA free trade agreements with 38 countries have become indispensable, says Josef Beck, the general manager of LIHK.
Liechtenstein became a member of the European Free Trade Association (EFTA) 25 years ago. Since then the country has come to benefit from 27 individual EFTA free trade agreements with 38 countries, providing non-discriminatory market access to market players as well as added legal security and transparency.
In a statement celebrating the anniversary, the government describes EFTA as a “central pillar of Liechtenstein’s economic foreign policy” that aims to improve conditions for Liechtenstein’s economic players abroad.
On the occasion of the 25 years of EFTA membership, Liechtenstein’s foreign minister Aurelia Frick together with Josef Beck, the general manager of the Liechtenstein Chamber of Commerce and Industry (LIHK), and Peter Matt, Liechtenstein’s ambassador and permanent representative to the UN office in Geneva, the World Trade Organization (WTO) and EFTA, presented a brochure on the EFTA anniversary. It provides an overview of Liechtenstein’s focus in EFTA and will be made available to download from website of the Office for Foreign Affairs.
“Over the past 10 years, the share of exports under the free trade agreements of all EFTA countries has increased significantly from 3 per cent to over 12 per cent,” said Matt. “For export-oriented Liechtenstein companies, EFTA membership is now indispensable,” added Beck.