India and Liechtenstein established diplomatic relations in 1994. Despite its tiny size, Liechtenstein is a significant financial and industrial centre — it has one of the world's highest GDPs per capita and hosts major precision manufacturing and financial services industries. India's engagement is primarily through EFTA trade negotiations, pharmaceutical exports, and the financial services relationship, with the Liechtenstein Global Trust (LGT) Group having investment interests in India.
COOPERATION AREAS
Where India and Liechtenstein actually work together
4 active areas of cooperation, as of July 2026. Click any card for the full brief.
TRADE & INVESTMENT
By the numbers
Approximate figures, FY 2023–24. Source: DGFT. Trade volumes are small relative to the financial investment relationship. TEPA implementation from 2025 onwards expected to expand goods trade.
$78mn
Total bilateral trade in goods
$62mn
India exports to country
$16mn
India imports from country
Trade trajectory · USD bn
$0.078bnin FY24 · click a bar to compare years
TOP TRADED ITEMS
AGREEMENTS & MILESTONES
The relationship since 1994, in 5 dates
CURRENT STATE
Where things stand, 2026
Despite its small size, Liechtenstein is a significant economic partner for India through the EFTA-India TEPA framework. The 2024 TEPA is the landmark development, providing preferential trade access and a large investment commitment. The financial services relationship — including LGT's India presence and the AEOI framework — adds depth beyond goods trade. Relations are stable and constructive.
SIGNALS TO WATCH
On track / positive momentum
In progress / worth watching
Stalled or facing headwinds
Not yet started / unclear
QUICK FACTS
CapitalVaduz
Population38,000
RegionEurope
Diplomatic tiesSince 1994
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