|Photo: Liechtensteiner Vaterland / Vaterland.li|
Hereditary Prince Alois attended an event for the 20th anniversary of the EFTA (European Free Trade Association) Court on Monday, in Vaduz. The EFTA states include Iceland, Liechtenstein, Norway, and Switzerland, and the association exists to promote free trade and encourage economic integration among the member states. The EFTA Court takes the place of the European Court of Justice, as the EFTA countries are not EU member states. Additionally, EFTA governs the application of policies for the EEA (European Economic Area) Agreement, which merges the economies of Iceland, Liechtenstein, and Norway into a single market.
The seat of the EFTA Court is actually in Luxembourg, where an anniversary conference was previously held in June of this year. This event in Vaduz and featured a keynote address as well as a panel discussion about EEA law. Carl Baudenbacher (shown above, left), a Swiss native who also works as the expert advisor to the Government of the Principality of Liechtenstein, is the current president of the EFTA Court and has held the post since 2003.