Minister of the Financial system Franz Fayot introduced a brand new information for firms and introduced the opening of a ninth commerce workplace overseas.
Luxembourg may even open a ninth commerce workplace, this time in Casablanca in Morocco. The 9 places of work may even obtain a everlasting liaison. As well as, the federal government has launched a brand new web site: The “Digital Advertising and marketing Information”. These bulletins had been made by Minister of the Financial system Franz Fayot and the president of the Chamber of Commerce, Luc Frieden, throughout a press convention. The purpose is to assist Luxembourg firms of their “internationalisation”.
In different phrases: The federal government desires to assist the Grand Duchy’s firms to seek out new export alternatives. Regardless of, or as a result of, of the pandemic, it is necessary for the federal government to assist Luxembourg’s firms. As a result of well being disaster, there are virtually no bodily networking alternatives between firms from completely different international locations as virtually every little thing takes place on-line in the mean time.
The Luxembourg Commerce and Funding Board, which was based in 2017, has been trying efficiently for alternate options. Based on Fayot, a web based information will provide useful recommendations on the subject of digital advertising to firms within the export enterprise. This includes, amongst different issues, the usage of new digital devices to attach companies with one another. Based on Frieden, this meant actual contacts, and never simply “boring webinars”.
Nevertheless, is there any potential for Luxembourgish exports? Sure, in accordance with Fayot, the Grand Duchy is aggressive and, in some industries, even forward of its competitors.
The Chamber of Commerce represents 90,000 firms, and there are a plethora of alternatives for quite a few firms, Frieden careworn, citing water, wine, and even pasta. Fayot jokingly added “butter, milk, however no yoghurt”.
Fayot and Frieden additionally said that after the financial mission in Morocco over one yr in the past, the exports of digital companies specifically skilled nice success.