Canada and Liechtenstein are both members of the United Nations and the Organization for Security and Co-operation in Europe. Shared values include the promotion of human rights, good governance, and humanitarian assistance.
Canada established diplomatic relations with Liechtenstein in June 1995 (handled through the Canadian Embassy in Berne, Switzerland). As there is no Embassy of the Principality of Liechtenstein in Canada, Switzerland represents the interests of Liechtenstein.
In 2009 a Free Trade Agreement with the European Free Trade Association (EFTA), of which Liechtenstein is one of four members, came into force. It confers a distinct competitive advantage to Canadian businesses and provides a strategic platform for Canadians to expand commercial ties throughout Europe. Two-way merchandise goods trade with the EFTA countries was valued at $11.6 billion in 2011.
In 2010, a parliamentary delegation led by the Speaker of the Senate, Noel Kinsella, visited Vaduz and had meetings with HSH Hereditary Prince Alois von und zu Liechtenstein, Foreign Minister Aurelia Frick and members of the Liechtenstein Landtag.
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