Government TPR |
WT/TPR/G/355 |
G-I§72 |
Switzerland and Liechtenstein |
2017 |
Trade Policy Framework |
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Switzerland is actively engaged in the Friends of Fossil Fuel Subsidy Reform. Formed in 2010, this group promotes a phasing-out of inefficient fossil fuel subsidies, as envisaged by G20 and APEC leaders. It encourages governments to undertake voluntary peer reviews with a view to a phase-out of such subsidies by 2025.
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Government TPR |
WT/TPR/G/355 |
G-I§73 |
Switzerland and Liechtenstein |
2017 |
Trade Policy Framework |
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In the period under review, and as mentioned above, Switzerland moved to negotiating and concluding free trade agreements with a dedicated chapter on trade and sustainable development. With some partner countries, Switzerland also engages in labour dialogues accompanying the implementation of FTAs.
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Government TPR |
WT/TPR/G/355 |
G-I§74 |
Switzerland and Liechtenstein |
2017 |
Trade Policy Framework |
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Sustainability-oriented support to partner countries has been provided through UNIDO's Resource Efficient and Cleaner Production Programme and UNCTAD's Biotrade Facilitation Programme.
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Government TPR |
WT/TPR/G/355 |
G-I§75 |
Switzerland and Liechtenstein |
2017 |
Trade Policy Framework |
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On 25 May 2016, Switzerland ratified the Minamata Convention, which aims at protecting the environment and human health worldwide through the prohibition of exports of mercury except under specific conditions.
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Government TPR |
WT/TPR/G/355 |
G-I§78 |
Switzerland and Liechtenstein |
2017 |
Trade Policy Framework |
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For Switzerland to continue to succeed in a rapidly evolving, interdependent global economy, open markets and non-discriminatory trade rules are of fundamental importance. At the same time, Switzerland is mindful of a strong need to make trade work more and better for developing countries, in particular LDCs, and for sustainable development more generally in line with the UN 2030 Agenda. Switzerland will therefore actively pursue mutually supportive economic, social and environmental policies both at the domestic and global levels.
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Government TPR |
WT/TPR/G/355 |
G-II§3 |
Switzerland and Liechtenstein |
2017 |
Trade Policy Framework |
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The Trade Policy Review reflects at the same time the high degree of Liechtenstein's integration in the European Economic Area (EEA), the second pillar of its foreign economic policy. The EEA Agreement forms the legal basis for economic cooperation between the three EEA EFTA States (Iceland, Liechtenstein, and Norway) and the EU (currently 28 Members). As a party to the EEA Agreement, Liechtenstein fully participates in the EU's Internal Market, which is based on the principle of the free movement of goods, persons, services and capital, with uniform and common rules governing competition, including state aid. In addition, the Agreement covers cooperation in i.e. research and development, education, social policy, the environment, consumer protection, tourism, and culture. For the last 22 years, the EEA agreement has been the most important pillar for Liechtenstein's economic actors to participate in the European markets.
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Government TPR |
WT/TPR/G/355 |
G-II§18 |
Switzerland and Liechtenstein |
2017 |
Trade Policy Framework |
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The primary sector employs 0.8% of the total workforce. The number of employees in the primary sector stayed stable in 2014 and 2015. Especially the dairy industry is important for Liechtenstein farmers. Some 55 farms produce around 13 million kg milk per year. In 2013, one third of 109 registered farms were certified to produce agricultural products according to organic farming production methods. The Liechtenstein agricultural sector plays an important role for the sustainable maintenance of hilly and mountainous areas, which make up two thirds of Liechtenstein's territory.
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Government TPR |
WT/TPR/G/355 |
G-II§35 |
Switzerland and Liechtenstein |
2017 |
Trade Policy Framework |
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Liechtenstein is committed to engage to further strengthen the multilateral system. Thus Liechtenstein has ratified the Trade Facilitation Agreement in September 2015. Furthermore, in May 2013 Liechtenstein was the first to ratify the revised Government Procurement Agreement that was adopted on March 2012. Liechtenstein also welcomes the ITA expansion and the launch of negotiations on an Environmental Goods Agreement in 2014. Switzerland is representing Liechtenstein in both initiatives by virtue of the Customs Union Treaty.
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Government TPR |
WT/TPR/G/355 |
G-II§47 |
Switzerland and Liechtenstein |
2017 |
Trade Policy Framework |
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The Customs Union Treaty facilitated the bilateral cooperation far beyond its original scope of application, in particular in the areas of social welfare (health, social security), education (vocational and professional training), transport and environment. The entry into force of the revised EFTA Convention on 1 June 2002 has led to an additional integration step in the economic relations between Liechtenstein and Switzerland. Despite the difference in their integration policy towards the EU, both countries not only manged to maintain but foster the already existing close links.
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Secretariat TPR |
WT/TPR/S/355/REV.1 |
S-Summary§8 |
Switzerland and Liechtenstein |
2017 |
Measures |
Investment measures |
Energy |
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Switzerland remains among the top destinations for foreign direct investment. Most economic sectors are open to investment, including by foreigners. However, investment restrictions continue to apply to activities under state monopoly, including certain rail transport services, some postal services, and certain insurance services. Restrictions (domicile requirements) are also applied to air and maritime transport, hydro- and nuclear power, oil and gas pipelines, and transport of explosive materials.
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