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| Liechtenstein, Austria Strengthen Economic Ties |
by Ulrika Lomas, Tax-News.com, Brussels
Monday, November 14, 2011
Liechtenstein’s Prime Minister and Finance Minister Klaus Tschütscher
recently held bilateral talks in Vienna with his Austrian counterpart Finance
Minister Maria Fekter, with the discussions focussing on general and bilateral
tax matters.
During the course of the discussions, the ministers highlighted the excellent
relationship between the two countries, and considered current national and
international challenges in the area of fiscal policy, emphasizing that transparency,
control and regulation of the financial markets play a pivotal role in crisis
prevention.
While underscoring that the current financial crisis is not yet over, Tschütscher
underlined the need to take responsibility to build up the trust of the population.
Alluding to the fact that both the principality of Liechtenstein and Austria
have overcome the economic and financial crisis and ensuing difficulties significantly
better than other countries, both ministers underlined their commitment to continuing
on the successful course, and underscored the responsibility of financial institutions
and financial supervision and the importance of a stable eurozone and stable
trade.
Within the framework of discussions between Tschütscher and Austrian Economy
Minister Reinhold Mitterlehner, Tschütscher stressed the importance of
cross-border cooperation, as well as the importance of new strategies, creative
ideas and innovation in both politics and business. Establishing networks and
boosting collaboration between industry, science and politics are therefore
imperative, the minister added.
Commenting on the significance of the official visit by Klaus Tschütscher,
the Liechtenstein government explained that Austria is a key trading partner
for the principality, noting that so far this year Austria has exported more
to Liechtenstein than to Greece.
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