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The logistics sector is a rapidly growing part of the Luxembourg economy. Over 80% of the goods and services produced in Luxembourg are bound for foreign markets. The Government recently confirmed the implementation of a free trade zone near the airport in order to facilitate the trading and handling of valuable goods. Luxembourg for Finance spoke to Carlo Thelen, Chief Economist and Head of the International Department of the Luxembourg Chamber of Commerce, on why Luxembourg is on its way to becoming one of the main European logistics hubs.
What legal changes were made in recent years to turn Luxembourg into a European logistics hub?
In recent years, the Government adopted several laws that are beneficial for Luxembourg as...
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