AGP Executive Report
Last update: 9 hours agoDrone supply-chain shock: The US has issued a Section 232 proclamation imposing new tariffs on unmanned aircraft systems and key components, with up to 100% duties on selected drones (notably those over 25kg and/or with thermal imaging), plus docking stations and certain critical parts; 25% applies to other smaller drones and less-sensitive components, with some component measures delayed up to 180 days. Liechtenstein link: The tariff regime includes lower rates for qualifying allied supply chains, listing Liechtenstein among the jurisdictions eligible for a 15% cap (conditional on origin rules). Local cyber resilience: Liechtenstein says it will not pay ransom after a major data breach tied to the compromise of its foundations and trusts registry. Trade deal watch: Thailand’s trade representative highlighted how the Thailand–EFTA Free Trade Agreement could expand market access and services trade, with Liechtenstein included among the EFTA partners. Vatican finance appointment: Pope Leo XIV named Princess Gisela Bergmann of Liechtenstein to the Vatican’s Council for the Economy, bringing private-wealth and environmental engineering credentials into Vatican financial oversight. Industry finance staffing: LGT Wealth India appointed Harsh Agarwal as Chief Investment Officer for equities, expanding leadership over equity products and strategies.
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