Article of MMag. David Karl Jandrasits, BREXIT – This is why Liechtenstein is very well prepared for the plans of Boris Johnson

As new U.K. Prime Minister, Boris Johnson has one huge task: leading the UK through an organized exit from the European Union without causing too much damage to Britain and the remaining EU member states.

Even though Liechtenstein is not in the European Union, it is a member state of the European Economic Area (EEA) and the European Free Trade Association (EFTA). For this reason, the economy as well as the legal system of the small country in the heart of Europe are substantially affected by major changes in other EEA countries. For the UK Brexit means not only leaving the EU but also the EEA.

The following article is written by MMag. David Karl Jandrasits and intended to give a brief summary why Liechtenstein is very well prepared for the plans of Boris Johnson.