Business in Liechtenstein, Vaduz

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

1. To analyse the Liechtensteinian Economy and Foreign Trade (Import, Export, FDI)
2. To know the business opportunities in the Liechtensteinian Market
3. To analyse the trade relations of Liechtenstein with the country of the student
4. To know the Liechtensteinian Free Trade Agreements
5. To develop a business plan for the Liechtensteinian Market

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

Trade Facilitation Programs

1. World Trade Organisation (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 Organisation (WCO)
   2. International Civil Aviation Organisation (ICAO, Chicago Convention)
   3. International Maritime Organisation (IMO)

European Trade and Economic Organisations

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

Global Organisations

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD)
   2. International Trade Centre (INTRACEN)
   3. World Intellectual Property Organisation (WIPO)
2. World Bank (WB)
3. World Trade Organisation (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 kilometres
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 Civilisation (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