Doing Business in Liechtenstein

The objectives of the subject “International Trade and Business in” Liechtenstein” are the following:

1. To analyze the Liechtensteinian Economy and Global Trade;
2. To know the business opportunities in the Liechtensteinian Market;
3. To analyze the trade relations of Liechtenstein with the country of the student;
4. To know the Liechtensteinian Trade Agreements;
5. To develop a business plan for the Liechtensteinian Market.

The Subject “Foreign Trade and Business in Liechtenstein” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): European Business, World Trade.

Masters (MIB): International Business, Foreign Trade.

Learning materials in + Liechtenstein Liechtenstein Liechtenstein.

1. Credits of the Subject “International Trade and Business in” Liechtenstein”: 1 ;
2. Duration: one week.

Liechtensteinian Preferential Access and Free Trade Agreements:

1. Liechtenstein and the European Economic Area;
2. European Free Trade Association (EFTA)
   1. Liechtenstein as a member of the European Free Trade Association (EFTA) has trade agreements with Chile, Serbia, Macedonia, Georgia, Colombia, Peru, Mexico, Albania, Egypt, Ukraine, the Southern African Customs Union (SACU), Tunisia, Bosnia and Herzegovina, Canada, Turkey, Morocco, Montenegro, Lebanon, Jordan, Singapore, India, Korea, the Philippines, the Gulf Cooperation Council (CCG), Central America etc.
3. United Kingdom-Switzerland-Liechtenstein Trade Agreement.

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. International Chamber of Commerce (ICC);
3. Convention concerning International Carriage by Rail (COTIF);
4. International Bureau of Containers and Intermodal Transport (BIC);
5. Uniform Rules concerning the Contract of International Carriage of Goods by Rail (CIM, CIT);
6. Is not a member of the
   1. World Customs Organization (WCO);
   2. International Civil Aviation Organization (ICAO, Chicago Convention);
   3. International Maritime Organization (IMO).

European Trade and Economic Organizations:

1. European Investment Bank (EIB);
2. Economic Commission for Europe (UNECE);
3. Organization for Security and Cooperation in Europe (OSCE).

Global Organizations:

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
2. World Bank (WB);
3. World Trade Organization (WTO);
4. International Monetary Fund (IMF) (Not-Member).

The Principality of Liechtenstein (Europe).

1. Liechtensteinian Capital: Vaduz;
2. Liechtensteinian Official Language: German;
3. Area of Liechtenstein: 160 square kilometers;
4. Liechtensteinian Population: 36,925 people;
5. Type of Government: Constitutional Monarchy;
6. Borders of Liechtenstein: Austria and Switzerland.

Religion in Liechtenstein: Catholicism (Christianity).

Liechtenstein belongs to the Western Civilization (European Economic Area).

Liechtensteinian Economy.

1. The Principality of Liechtenstein is considered as a tax haven, despite being part of the European Economic Area;
2. It is estimated that more than 73,000 companies are registered in Liechtenstein, this represents 30% of the principal's income;
3. Liechtensteinian GDP per capita: 141,100 dollars;
4. Currency of Liechtenstein: Swiss Franc;
5. Approximately 32% of the principal's income is invested in research and development;
6. The main Liechtensteinian economic sectors are tourism and financial services.

Liechtensteinian Foreign Trade.

1. The main Liechtensteinian Exports are small machinery, dental products, seals, fittings, ceramics;
2. The main Liechtensteinian Imports are agricultural products, raw materials, machinery, metal products, textiles, food products, vehicles;
3. Top Liechtensteinian Trading Partners: Switzerland, Austria and Germany.

(c) EENI Global Business School (1995-2023)
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