– PRESS RELEASE –
U.S. Releases the 2024 Luxembourg Investment Climate Statement
On July 17, the U.S. Department of State released the 2024 Investment Climate Statements (ICS), offering current, detailed insights into the investment environments of over 160 foreign markets, including Luxembourg. These statements serve as a crucial resource for U.S. businesses, aiding them in navigating international markets and making strategic decisions about expansion and investment.
U.S. Ambassador to Luxembourg, Tom Barrett, said: “Luxembourg’s economic resilience and innovative drive position it as a premier destination for U.S. investors. The 2024 Luxembourg Investment Climate Statement highlights Luxembourg’s dedication to maintaining a competitive and diversified economy, supported by forward-thinking policies such as the adoption of a national screening mechanism for foreign direct investments. As we continue to strengthen our economic ties, these insights will be invaluable for U.S. businesses looking to navigate and thrive in this dynamic market.”
The Luxembourg Investment Climate Statement 2024 is available here: https://www.state.gov/reports/2024-investment-climate-statements/luxembourg/
Background
The U.S. Department of State’s annual Investment Climate Statements address market conditions, including issues critical to maintaining high standards, such as labor protections, environmental considerations, and responsible business conduct. Topics include: Openness to Investment, Legal and Regulatory Systems, Protection of Real and Intellectual Property Rights, Financial Sector, State-Owned Enterprises, Responsible Business Conduct, Climate Issues, Corruption, and Labor Policies and Practices.
A welcoming investment climate can help attract high quality, durable investment and support sustainable and inclusive economic growth. The reports highlight those areas in which countries have improved local investment conditions, as well as remaining barriers that may hinder opportunities for U.S. companies.
For more information, journalists are requested to contact the Public Affairs section at the U.S. Embassy in Luxembourg at +352 46 01 23 24 or at LuxembourgPublicAffairs@state.gov
