Liechtenstein is located between two economic areas. Thanks to a range of agreements, the country has created prime conditions for its export-oriented economy.
Despite the high purchasing power of its 37,000 inhabitants, Liechtensteins domestic market is very limited. Since the creation of the customs treaty with Switzerland in 1924, the two countries have formed a customs union and the Swiss franc has been the official currency of the Principality. This means that all bilateral free trade agreements signed by Switzerland also apply to Liechtenstein. Furthermore, the Switzerland Global Enterprise (S-GE), launched in 2011, also supports companies based in Liechtenstein with advice and information about doing business abroad.
Liechtenstein, unlike Switzerland, has been a member of the European Economic Area since 1995. Companies benefit from the advantages of the EU/EEA single market: the free movement of people, goods, services and capital. Due to its particular geographical situation, Liechtenstein is subject to special provisions regarding the freedom of citizens to travel to and live in the Principality. Its membership of the European Free Trade Association (EFTA) gives the country access to one of the worlds largest networks of free trade agreements.
An overview shows the international connections of Liechtenstein:
Full membership of the European Free Trade Association (EFTA)
Accession to the United Nations (UN)
Accession to the Council of Europe
Signing of the CSCE Helsinki Final Act (today OSCE)
Accession to Statute of the International Court of Justice (ICJ)
Conclusion of customs treaty with Switzerland