March 2003 Washington Diplomat PO Box 1345 Wheaton, MD 20915 Tel: 301.933.3552 Fax: 301.949.0065 Liechtenstein: Small in Size, Big in Ambitions by Anna Gawel Yet none of that phases the tiny principality of Liechtenstein, which recently set up a new embassy in Washington and relocated its U.S. ambassador, Claudia Fritsche, from the Liechtenstein U.N. Mission in New York. The move marked a major step for Liechtenstein, a picturesque, landlocked nation sandwiched between Austria and Switzerland, whose approximately 33,000 inhabitants enjoy a high quality of life thanks to a thriving industrialized economy and a booming financial services sector. With a sleek new office at 13th and I Streets, NW, the ambassador and her two-person staff are ready to break into that exclusive world of power lunches and power brokering that Washington is so well known for and become a bona fide player on the D.C. diplomatic circuit. And the ambassador knows that one of the main issues she will need to tackle during her term is simply spreading the word out about Liechtenstein and dispelling some of the misconceptions people may have about her small nation. In fact, with an unemployment rate that hovers around 1.4 percent and a ready pool of highly skilled workers, the Liechtenstein economy rivals that of most developed nations. This tremendous economic growth has been spurred by very low business taxes and liberal economic laws for foreign companies, which, in particular, has attracted a flood of banking and other financial services companies to Liechtenstein, making the tiny nation a major hub of fiscal activity. | |
|