Day: November 22, 2022
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The promotion of foreign trade and internationalisation of Luxembourg companies in a changing world – some reflections on the background
Luxembourg’s economy is distinguished by being extremely open internationally (share of exports and imports in GDP) and, on the basis of this indicator, ranks among the most open in the world (as are Singapore, Hong Kong, etc.). This is explained by the considerable weight in its foreign trade of exports of services, nearly 50% of…