Luxembourg Business
• Main exports: Machinery and equipment, steel products, chemicals, rubber products and glass.
• Main imports: Minerals, metals, food and quality consumer goods.
• Main trade partners: Germany, Belgium, France, China and UK.
Economy
The banking and finance sector is also in a healthy condition: companies originally attracted to Luxembourg by favourable banking secrecy laws and low taxation have prospered despite the gradual harmonisation of taxes and tariffs across the EU. There is also a small but healthy agricultural sector mainly producing crops.
In 2006, growth was 6.2%, with inflation at 2.7% and unemployment was 4.1%. The Luxembourgeois economy has long been linked with that of Belgium, initially through the 1921 economic union, supplemented by a further treaty in 1958 and latterly, by mutual membership of the EU. Luxembourg was an inaugural adopter of the Euro at the beginning of 1999.
Business Etiquette
Office hours: Generally Mon-Fri 0830-1200 and 1400-1800.
Conferences & Conventions
Business Contacts
105 Ferriby Road, Hessle, HU13 0HX, UK
Tel: 0870 246 1610.
Website: www.blcc.co.uk
Luxembourg Chamber of Commerce
7 rue Alcide de Gasperi, L-2981 Luxembourg
Tel: 423 9391.
Website: www.cc.lu
Luxembourg-Congrès, Hémicycle Européen
1 rue de Fort Thüngen, L-1499 Luxembourg-Ville, Luxembourg
Tel: 4302 57751.
Website: www.luxcongress.lu
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