Trade and bilateral investments between the US and Luxembourg are crucial to the Luxembourg economy’s health!
The United States and Luxembourg have strong, powerful, mutually beneficial economic and political friendship and cooperation relations.
When Luxembourg’s agricultural economy collapsed and people went hungry in the nineteenth and twentieth centuries, many Luxembourgers fled to America to pursue a better life… and flourished. As a result, more Americans of Luxembourg descent are in the United States than in Luxembourg.
At the end of WWII, the United States helped rebuild Luxembourg’s economy by establishing the European Coal and Steel Community and establishing industrial factories in Luxembourg by American businesses such as Dupont and Goodyear.
When the EU passed legislation allowing cross-border banking and investment opportunities, the first to set up shop in Luxembourg were American banks and investment fund organizations, paving the way for Luxembourg to become the world’s second-largest investment fund center.
AOL later established itself in Luxembourg, giving rise to the data center and digital economic activities we have today.
The United States and Luxembourg recently worked to build Luxembourg’s commercial activities in space. Over 25,000 Luxembourg jobs are directly related to the activities of US corporations.
As we relaunch the European and local Luxembourg economies in the aftermath of Covid, economic trade and investment links between the US and Luxembourg will be important in ensuring the economic success that allows us to maintain the standard of living we have enjoyed for many years.
The American Chamber of Commerce in Luxembourg (AMCHAM.lu) is partnering with the Luxembourg Chamber of Commerce, FEDIL, AMCHAM.EU and the Luxembourg American Chamber of Commerce in New York (LACCNYC) to present an analysis of the details of the US/ Luxembourg trade and Investment relationship and opportunities to come.
With a keynote address by Luc Frieden, the President of the Luxembourg Chamber of Commerce and Chairman of the Federation of European Chambers of Commerce, Susan Danger, the President of the AMCHAM accredited to the European Commission and representing the Federation of AMCHAMs in Europe, Dan Hamilton Professor of the John Hopkins University and author of the 2022 Annual Transatlantic Trade and Investment report, Casey Mace, Deputy Chief of Mission at the US Embassy in Luxembourg and Michel Frank the Chairman of the LACCNY.
This will be a highly educational lecture and a wonderful networking event, taking place on the 21st of June from 18:30 to 21:00 in the auditorium of Deloitte on Cloche D’or. FEDIL, Luxembourg Chamber of Commerce, and AMCHAM members and guests are invited for free, as are attendees joining from the United States and other locations through video link. To attend, please register HERE.