On Thursday 18 July 2024, the US Embassy in Luxembourg announced that the US Department of State has 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 key resource for US businesses, aiming to help them navigate international markets and make strategic decisions about expansion and investment.
The US Ambassador to Luxembourg, Tom Barrett, said: "Luxembourg's economic resilience and innovative drive position it as a premier destination for US 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 US businesses looking to navigate and thrive in this dynamic market."
The US Department of State's annual Investment Climate Statements addresses market conditions, including issues critical to maintaining high standards, such as labour protections, environmental considerations and responsible business conduct. The reports highlight the areas in which countries have improved local investment conditions, as well as remaining barriers that may hinder opportunities for US companies.
The Luxembourg Investment Climate Statement 2024 is available at the following website: https://www.state.gov/reports/2024-investment-climate-statements/luxembourg/.
