The Luxembourg relationship with the BRIC countries has become increasingly important over the years, with trade consistently increasing and business relations becoming ever more favourable.
Last month, we took part in a BRIC panel discussion looking at, in particular, the manufacturing cooperation between the countries.
The conference gave deeper insight into the longstanding manufacturing industries in each of these markets, as well as illustrating why the BRIC countries continuously develop business with Luxembourg.
According to Luxembourg Trade & Invest, “dominated by the metal and chemical industries, the sector has a strong international orientation and exports the lion’s share of its production. With 32,200 employees, the sector represents 8.3% of total national employment and 4.6% of the national added value.”
Luxembourg is hosting the main R&D and productions site for sectors such as automotive.
Perhaps most importantly is that the country has well-developed technology to support the rapidly growing manufacturing industry
The Luxembourg Institute of Science and Technology speaks about the need for manufacturing companies to “be innovative in an increasingly competitive economic environment, increase their productivity while reducing the costs, provide highly customized products, and have ever shorter time-to-market and delivery times”. Industry 4.0 is all about digital organisation and management of processes and data associated with the value chain in the manufacturing sector and Luxembourg is at the forefront of these developments
Present in all the right places – Intertrust has a global coverage of more than 3500 employees over 30 jurisdictions. We have a representative office in Brazil and a strong presence in both India and China. Working closely across our network, we have in-house expertise from each of the BRIC countries, speaking your language.
Read more about the BRIC event by following these links:
BRIC event 2019 – BRIC and Luxembourg – Manufacturing partnership – Summary
BRIC event 2019 – BRIC and Luxembourg – Manufacturing partnership – Agenda