Credit: Luxembourg Chamber of Commerce

On Tuesday 27 June 2023, the Luxembourg Chamber of Commerce organised the first edition of its flagship event "Go International Day", aimed at Luxembourg companies interested in venturing abroad.

Together with its partners, the Luxembourg Chamber of Commerce showcased the range of services it offers Luxembourg companies, while focusing on opportunities, challenges and the latest trends in international business, as well as highlighting international know-how. Practical workshops, tailored "Business2Advisors" meetings and stands featuring services were on the agenda.

Among the guests were His Royal Highness the Hereditary Grand Duke of Luxembourg and Franz Fayot, Luxembourg's Minister of the Economy. In his keynote, Minister Fayot highlighted the framework put in place by his ministry to support Luxembourg companies in venturing abroad, such as the Business Partnership Facility and the Luxembourg Trade Offices abroad. Together with the four Trade Attachés of the Luxembourg Chamber of Commerce, this Trade and Invest Network across the globe is gathering sixteen advisors, who are available to help Luxembourg companies succeed internationally.

A discussion on how to approach high-risk markets drew attention to the risks and opportunities when companies venture into such markets. Testimonials from G-Core Labs, B-Medical Systems, LSC Engineering Group and the public Export Credit Agency- ODL offered concrete tips and ideas on when and how to prepare for such markets.

The underlying message of the event was that whether your company is small, medium-sized or large, there are many opportunities to do business in the nearby region and in faraway markets.

As Carlo Thelen, Director General of the Luxembourg Chamber of Commerce, pointed out in his opening remarks: "Today’s event is specifically dedicated to the 'T' in 'Luxembourg Trade and Invest', the TRADE activity. The level of involvement of colleagues from the Luxembourg Ministry of the Economy and their Network of Luxembourg Trade Officers abroad, the Ministry of Foreign and European Affairs, as well as the European Commission, Luxinnovation, LuxDev, Office du Ducroire, the Cluster for Logistics and our own House of Entrepreneurship and House of Sustainability is just amazing."

As an integral part of the event, Luxembourg companies participated in the personalised Business2Advisors matchmaking meetings with advisors from the Luxembourg Chamber of Commerce and Luxembourg Trade and Invest Offices abroad, as well as with experts of the Enterprise Europe Network, the Luxembourg Export Credit Agency – ODL, the Office for Export, Import and Transit Controls – OCEIT, the Customs Authority and the House of Entrepreneurship.