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Country Rankings - Liechtenstein


  • Nov 22, 2012   Liechtenstein: EFTA starrier

    When playing the alphabet soup game (Harrods or Macy's, GBP12 or USD14 - things are always cheaper across the pond - and as an anglo-saxon sport you can't buy it on the Continent) EFTA is a trick question which people hardly ever get right. They think the 'A' stands for agreement, as in Free Trade Agreement. Of course it stands for Area. There was a time when there was also 'ex-EFTA' which was indecipherable even to aficionados, but the game hadn't been invented back then. Anyway, enough history: what remains of EFTA can be compared to a regulation-lite European Union, and focuses on the single market and trade agreements, as at this week's meeting, which wins it, or rather them, a star. 'Them' is Iceland, Liechtenstein, Norway and Switzerland, so it's a cheap and cheerful way of bringing three new countries into the table.
    Source: http://www.lowtax.net/asp/story/front/EFTA_Focusses_On_Sealing_Trade_Deals____58257.html



 

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