AGP Executive Report
Last update: 7 hours agoTrade & Markets: Brazil has formally incorporated the Mercosur–EFTA free trade deal after President Lula’s promulgation, with entry into force set for Oct 1 for Iceland and Nov 1 for Norway; preferential tariffs for Switzerland and Liechtenstein hinge on their internal procedures, aiming to cut tariffs, quotas and other barriers and streamline customs. Banking & Finance: Bendura Bank marked a decade under Hong Kong’s Citychamp Watch & Jewellery Group ownership, highlighting its continued role in Liechtenstein’s banking ecosystem. Healthcare & Pharma: The European Commission granted marketing authorisation for NEZGLYAL® (leriglitazone) for childhood cerebral adrenoleukodystrophy (cALD), with a first European launch expected in Germany and further rollouts tied to reimbursement talks. Tech & Investing: Ondo Finance launched Ondo Intelligent Portfolios, tokenised model portfolios that let investors mint/redeem a single onchain token for exposure to weighted baskets. Business Environment: Brussels’ “Made in Europe” procurement push is drawing criticism as protectionism in disguise, with the UK warning it could damage its car industry. Auto Industry: Chinese automakers kept gaining share in Europe in August, with BYD registrations more than doubling across the EU plus UK, Iceland, Liechtenstein, Norway and Switzerland. Liechtenstein Relevance: Geely’s entry into Switzerland (with Emil Frey as importer for Switzerland and Liechtenstein) signals continued expansion into the wider Liechtenstein market.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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