The objectives of the subject “International Trade and Business in” Luxembourg” are the following:
To analyze the Luxembourger Economy and Foreign Trade;
To know the business opportunities in the Luxembourger Market;
To analyze the Luxembourger trade relations with the country of the student;
To know the Luxembourger free trade agreements as a member of the European Union (EU);
To develop a business plan for the Luxembourger Market.
The Subject “Foreign Trade and Business in Luxembourg” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:
The Grand Duchy of Luxembourg is one of the most important financial centers in Europe (28% of the Luxembourger GDP): investment funds and high-risk, private banking, capital management;
Luxembourger GDP (nominal): 31,376 million EUR;
GDP per capita: 68,500 Euros (one of the largest in the world);
Luxembourger Currency: Euro (1999);
Luxembourg is a member of the European Union since 1958;
Luxembourg has an outstanding logistics platform thanks to its strategic position between France, Belgium and Germany;
The Luxembourger steel industry is crucial;
Luxembourg offers significant tax advantages for companies (it is one of the European Countries with least taxes);
There have been several scandals related to the tax evasion that has hit companies like Pepsi Cola, Ikea, Procter & Gamble, FedEx, Accenture, Burberry, JP Morgan, Deutsche Bank or Amazon;
The OECD does not consider Luxembourg as a tax haven;
Arcelor Mittal, the world steel leader, has its headquarters in Luxembourg;
60% of the workforce is foreigner;
The Headquarters of the Court of Justice of the European Union are in
Luxembourg.
Luxembourger Foreign Trade.
The main Luxembourger Exports are machinery, steel products, chemical products and rubber;
Top Export Markets of Luxembourg: Germany (23%), France, Belgium, Italy;
The main Luxembourger Imports are minerals, metals, airplanes, chemical products, luxury products;
The main suppliers of Luxembourg are Belgium (31%), Germany, France, the United States.
(c) EENI Global Business School (1995-2023)
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