Luxembourg

• Official languages: French, Luxembourgish, German.
• Geographical location: it is a small landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France to the south.
• Administrative divisions: Luxembourg is divided into 12 cantons, which are further divided into 102 communes. Twelve of the communes have city status, of which the city of Luxembourg is the largest.
• Capital: Luxembourg City.
• Governance: the politics of Luxembourg takes place in a framework of a parliamentary representative democratic monarchy, whereby the Prime Minister of Luxembourg is the head of government, and the multi-party system. Executive power is under the constitution of 1868, as amended, exercised by the government, by the Grand Duke and the Council of Government (cabinet), which consists of a prime minister and several other ministers. Usually the prime minister is the leader of the political party or coalition of parties having the most seats in parliament. Legislative power is vested in both the government and parliament. The judiciary is independent of the executive and the legislature.
• Population: 576.2 thousand.
• Currency: Euro.
• GDP: $60.13 billion.
• Time zone: GMT +1, GMT +2.
• Telephone code: +352.
• Barcode: 54.

Trade and economic cooperation between Belarus and Luxembourg

In 2016, trade turnover between Belarus and Luxembourg increased by 132.9% by $8.84 million as compared to 2015, Belarusian exports — by 123.9% to $2.54 million, Luxembourgian exports — by 136.9% to $6.3 million. Trade deficit was $3.76 million.

Dynamics of trade between Belarus and Luxembourg in 2011 — 2017 years (in million U.S. dollars)

Belarus mainly exports metal cord and articles of plastics to Luxembourg. It supplies optic apparatus, liquid crystal devices, medical apparatus in small quantities and in regular manner.

A drop in supplies of Belarusian metal cord to this country has been witnessed since 2013, because the main consumer Goodyear company has switched to the products from China.

Belarus's most valuable products, imported by Luxembourg in 2015 — 2016 (in thousand U.S. dollars) 

In January — October 2017, Belarusian exports increased by 104.8% to $2.3 million as compared to the same period of 2016, Luxembourgian exports — by 125.1% to $6.6 million. Trade deficit was $4.3 million.

The third countries, including Belarus, shall follow the EU legislation to supply their goods and services to Luxembourg. In addition, the EU tariff and non-tariff barriers restrain exports of Belarusian companies.

The following requirements are applied to the products, imported by Luxembourg from the non-EU countries:

• sanitary and phytosanitary requirements;
• environmental requirements;
• technical requirements;
• quality standards;
• licensing

This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in the Kingdom of Belgium, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in Luxembourg for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.

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