China International Trade Representative meets with Deputy Prime Minister Schneider in Luxembourg

In the context of the 21st Joint Economic Commission between the Belgo-Luxembourg Economic
Union (EUBL) and China on November 11th, Luxembourg’s Deputy Prime Minister and Minister of
the Economy, Étienne Schneider, met with the Deputy Minister in charge of international trade
of the People’s Republic of China, Fu Ziying.
On the agenda of the meeting was the development of trade as well as the strengthening and
diversification of sectoral cooperation between the two countries.
During the meeting, Minister Schneider notably presented the assets and the actors of the
Luxembourg automotive components sector. Like the company IEE based in Luxembourg and now
owned by Chinese investors, Étienne Schneider invited Chinese automakers to consider the Grand
Duchy more as an industrial site specializing in research and development (R&D) for automobile
components and as a common digital experimental site for automated and connected driving.
Following the meeting at the Ministry of the Economy, Minister Schneider talked about the
potential for cooperation in the space sector: “At the meeting with the Chinese high-level
delegation, we found a mutual interest to collaborate in the context of the SpaceResources.lu
initiative with regard to R&D projects and for the establishment of an international legal
framework for exploring and using space resources. Ultimately, we wish to formalize such
cooperation with the People’s Republic of China through a Memorandum of Understanding.”