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Visit of Secretary of Commerce Wilbur Ross to Luxembourg

Published Friday May 10 2019

On 10 May 2019, the U.S. Secretary of Commerce, Wilbur Ross, visited Luxembourg. At that occasion, a Memorandum of Understanding on Space Cooperation was signed by the Secretary of Commerce and the Deputy Prime Minister, Minister of the Economy Etienne Schneider. The Memorandum of Understanding will serve to catalyze and significantly deepen cooperation between the two countries in the field of space. The MoU will promote the continued growth of their respective space industries through new commercial and investment opportunities, as well as strengthen policy coordination as the two countries lead the international community in promoting a business-friendly regulatory framework. It also aims to strengthen collaboration by identifying projects of common interest, for example in the fields of civil space exploration, science, R&D, earth observation, space situational awareness and communication. Thus, the MoU further facilitates research, exploration, development, and use of space, not only by the two countries governments, but also by research institutes and private sector space companies. Read the joint press release here : https://gouvernement.lu/en/actualites/toutes_actualites/communiques/2019/05-mai/10-schneider-spatiale.html

At the lunch hosted by Deputy Prime Minister Etienne Schneider and Finance Minister Pierre Gramegna, Secretary Ross had the opportunity to meet with leaders of American companies in Luxembourg from the industrial and the financial sectors. Many American companies have, over the years, chosen Luxembourg as their European headquarters.

Wilbur Ross met with Prime Minister, Minister of State Xavier Bettel, who recalled the longstanding strategic partnership between Luxembourg and the United States. In this context, the Prime Minister stressed the importance of working together in the multilateral framework, rather than in isolation, in order to face the great challenges of our times.

Finally, Secretary Ross had a meeting with Minister for Foreign and European Affairs, Jean Asselborn, who is also in charge of international trade. Minister Asselborn called upon the American authorities to work in concert with their European partners not only to solve bilateral trade disputes but also to foster the rules-based international trade order.

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