Foreword of My New Book “AS I SEE IT” By Claudia Fritsche

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Illustration by the cartoonist David Clark

H.E. Claudia Fritsche

Ambassador extraordinary and plenipotentiary

Washington D.C.

When I met Prof. Michael Czinkota in 2003, it had been less than 2 years since I had the privilege to establish the Liechtenstein Embassy in Washington. He immediately was very generous in offering to share his knowledge and experience. Since the field of economics is not my expertise, I was immensely grateful for his support in not only raising the profile of the Embassy but also helping me become acquainted with the many nuances and layers of the U.S. economy and its global impact. Since Prof. Czinkota was born and raised in Germany and was partly educated in an Austrian school very close to Liechtenstein, he is familiar with my country, with its history, its economic system as well as the trans-Atlantic cultural differences, therefore able to understand how the U.S. economy is viewed even from the perspective of a small country. Professor Czinkota further broadened his engagement with my country by teaching at the University of Liechtenstein.

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Distinguished Guest Speaker from the Embassy of the Principality of Liechtenstein

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On April 11, our class got the pleasure of having a distinguished guest speaker -Her Excellency Claudia Fritsche, Ambassador of the Principality of Liechtenstein to The United States .

Madam Ambassador addressed current international economic issues and presented the position of the Principality of Liechtenstein regarding politico-economic changes in the international environment.

We are very grateful for the inspiring thoughts and valuable experiences she shared with us.

 

 

Deputy Prime Minister of Liechtenstein Visits Georgetown University

By Anna Astvatsatryan for michaelczinkota.com

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The honorable guests were invited by professor Michael Czinkota take part in a luncheon discussion with professors of McDonough Business school as well as to have a meeting with the students.

During the luncheon Deputy Prime Minister presented the trends and directions that the economy of Liechtenstein is taking as well as addressed contemporary issues of the country.

The discussion touched such subjects as energy stability in the region and Liechtenstein in regard of the latest developments in Ukraine. Deputy Prime Minister mentioned that the economy of Liechtenstein is a part of so-called 20-20-20 legal frameworks that aim to achieve three main targets by 2020. These targets include: a 20% reduction of green gas emissions, 20% reduction in energy use and 20% share of energy consumption from renewable energy resources. This topic is sensitive for Liechtenstein, an economy that imports around 85% of their energy resources.

Deputy Prime Minister also addressed the importance of relations with neighboring economies. Zwiefelhofer emphasized the role of Switzerland and the influence of its monetary policy influence on the Liechtenstein’s export. As an example Deputy Prime Minister mentioned the situation in 2013, when a strong Swiss Frank affected Hilti, construction products, services and systems exporting company, one of the biggest in Liechtenstein.

Discussing the on-going reforms in the justice system, Deputy Prime Minister noted the importance of transparency and defining strategies to reorganize the responsibilities of judges and attorneys in order to achieve highest efficiency.

After luncheon, the honorable guests had a meeting with the International Business class.

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Thomas Zwiefelhofer has been Deputy Prime Minister of the Principality of Liechtenstein since 27 March 2013. Deputy Prime Minister is also in charge of Ministry for Home Affairs, Justice and Economic Affairs of the Principality of Liechtenstein.

From the Embassy of Liechtenstein CLICK TO READ

News reaches us from Liechtenstein about the visit of Foreign Minister Frick to Washington and to the Advocacy Project placing Peace Fellows in developing countries. For direct linkage with the Embassy’s Newsletter click here.

Foreign Minister Frick Visits Washington

On September 23 Foreign Minister Aurelia Frick visited Washington. Foreign Minister Frick used the one-day visit as an opportunity to showcase Liechtenstein as an active trader with the US as well as internationally. The US is Liechtenstein’s second largest trading partner (after the European Union) and Liechtenstein industrial companies are important players in the US automotive, construction, audio-visual, and dental industries, to name just a few. Internationally, Liechtenstein is a member of the European Free Trade Association (EFTA) which is made up of Iceland, Liechtenstein, Norway and Switzerland. As countries that are highly integrated into the EU’s Single Market, EFTA is the world’s 8th largest trader in goods and 5th largest in services.

Foreign Minister Aurelia Frick with Dan Mullaney, Assistant USTR for Europe and the Middle East.

As the current Chair of the EFTA Council, Minister Frick’s visit focused on learning more about the negotiations between the US and EU on the Transatlantic Trade and Investment Partnership (TTIP), which seeks to reduce barriers and increase trade in goods and services. As part of a trade dialogue established in July between EFTA and the United States Trade Representative (USTR), Foreign Minister Frick met with Dan Mullaney, Assistant USTR for Europe and the Middle East. She explained that within specific industries and given their geographic locations, EFTA members play vital roles in the European and US supply chain of goods and therefore have a keen interest in the development of the TTIP talks. Assistant USTR Mullaney welcomed the dialogue with EFTA and reiterated the USTR’s wish to to explore discussions on bolstering trade and investment.

Foreign Minister Frick’s visit also included a visit to The Advocacy Project, a non-profit organization based in Washington, DC and supported by the Government of Liechtenstein and for which Ambassador Claudia Fritsche serves as a member of the board. The Advocacy Project recruits graduate students, placing them as Peace Fellow, along with partnering organizations, in marginalized communities in developing countries in a grass roots effort to aid them in claiming their rights and producing social change.

To view the article on the Embassy’s website click here.