Luxembourg is a member of the European Union (EU) and a host to some of the EU’s financial and legal institutions. Luxembourg’s priority sectors for economic development include logistics, banking, automotive components, Information and Communication Technology (ICT), life sciences, green technology, industry and innovation, shipping and space industry. The United States and Luxembourg historically work in tandem on almost every major U.S. foreign policy priority, including and importantly on business and trade issues. In line with the priority of the United States to increase exports, Luxembourg should be viewed as an attractive destination for U.S. business expansion.
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