EENI Global Business School

Business in Luxembourg. Luxembourger Economy

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Syllabus of the Subject

Luxembourger Foreign Trade. Luxembourg: the European financial centre

  1. Introduction to the Grand Duchy of Luxembourg (EU)
  2. Luxembourger Economy: one of the most important financial centers of Europe
  3. Business in Luxembourg
  4. Luxembourger Foreign Trade
    1. North Sea-Mediterranean Transport Corridor (Ireland, France)
  5. Investment in Luxembourg
  6. Access to the Luxembourger Market
  7. Business Plan for Luxembourg

North Sea-Mediterranean Transport Corridor (Ireland, UK, Netherlands, Belgium, Luxembourg, France)

The objectives of the subject “International Trade and Business in Luxembourg” are the following:

  1. To analyze the Luxembourger Economy and Foreign Trade
  2. To identify business opportunities in the Luxembourger Market
  3. To analyze the Luxembourger trade relations with the student's country
  4. To know the Luxembourger free trade agreements as a member of the EU
  5. To develop a business plan for the Luxembourger Market

E-learning Course Master, International Business

The Subject “Foreign Trade and Business in Luxembourg” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: World Trade.

Doctorate in International Business (DIB) Online

Masters: International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB)

EU, Masters, International Business Trade Masters adapted to Luxembourger Students.

Languages: Masters, Doctorate, International Business, English + Study Master Doctorate in International Business in Spanish Luxemburgo Study Doctorate in International Business in French Luxembourg Masters Foreign Trade in Portuguese Luxemburgo.

  1. Credits of the Subject “Doing Business in Luxembourg”: 1 ECTS
  2. Duration: one week

Foreign Trade and Business in the EU Countries

International Trade and Business in Luxembourg

EU International Relations

Market Access - Free Trade Agreements

Luxembourger Preferential Access and Trade Agreements:

  1. Luxembourg and the European Economic Area
  2. The EU
    1. Economic and Monetary Union
    2. European Customs Union
    3. European Single Market
    4. The EU Services Directive
    5. European Digital Single Market
    6. As a member of the EU, Luxembourg is a beneficiary of the EU Trade Agreements

European Single Market

Trade Facilitation Programs. TFA Agreement

  1. WTO
    1. GATS
    2. Agreement on Sanitary Measures
    3. Agreement on Technical Barriers to Trade
    4. Agreement on Preshipment Inspection
    5. Agreement on Safeguards
    6. Trade Facilitation Agreement
  2. WCO
    1. Kyoto Convention
  3. Convention on the Harmonization of Frontier Controls of Goods
  4. Rotterdam Rules
  5. CMR Convention
  6. ICC
  7. COTIF Convention
  8. BIC
  9. Chicago Convention (ICAO)
  10. IMO
    1. Convention for Safe Containers
    2. Istanbul Convention
  11. IRU
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
  12. CIM & CIT Rules (Rail)
  13. Customs Convention on Containers - not a member

The EU and Their Institutions

European Trade and Economic Organizations

  1. The EU
    1. ECB
    2. EIB
    3. EBRD
  2. OSCE
  3. UNECE

Globalization and International Organizations

  1. UN
  2. WB
  3. WTO
  4. IMF
  5. Asian Development Bank
  6. African Development Bank
  7. OECD
    1. OECD anti-corruption measures
  8. Asia-Europe Meeting
  9. CPLP (observer country)

The Grand Duchy of Luxembourg (Europe).

  1. Luxembourger Capital: Luxembourg
  2. Official Language of Luxembourg: French, Luxembourger, German
  3. Luxembourger Area: 2,586 km²
  4. Luxembourger Population: 543,202 of people
  5. Type of Government: Parliamentary Monarchy
  6. Borders of Luxembourg: France, Germany and Belgium
  7. Luxembourg is a landlocked country
  8. Independence of Luxembourg: 1867 (Netherlands)

Religion in Luxembourg: Catholicism (Christianity).

Christianity and Global Business (Catholicism, Protestantism)

Luxembourg belongs to the European Economic Area.

Economy of Luxembourg.

  1. 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
  2. Luxembourger GDP (nominal): 31,376 million EUR
  3. GDP per capita: 68,500 Euros (one of the largest in the world)
  4. Luxembourger Currency: Euro (1999)
  5. Luxembourg is a member of the EU since 1958
  6. Luxembourg has an outstanding logistics platform thanks to its strategic position between France, Belgium and Germany
  7. The Luxembourger steel industry is crucial
  8. Luxembourg offers significant tax advantages for companies (it is one of the European Countries with least taxes)
  9. 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
  10. The OECD does not consider Luxembourg as a tax haven
  11. Arcelor Mittal, the world steel leader, has its headquarters in Luxembourg
  12. 60% of the workforce is foreigner
  13. The Headquarters of the Court of Justice of the EU are in Luxembourg

Foreign Trade (Importing, Exporting)

Luxembourger Foreign Trade.

  1. The main Luxembourger Exports are machinery, steel products, chemical products and rubber
  2. Top export markets of Luxembourg: Germany (23%), France, Belgium, Italy
  3. The main Luxembourger Imports are minerals, metals, airplanes, chemical products, luxury products
  4. The main suppliers of Luxembourg are Belgium (31%), Germany, France, the U.S.

(c) EENI Global Business School (1995-2024)
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