Luxembourg and the USA will work more closely together in future, in terms of commercial use of space.
This was laid out by the cooperation agreement signed in Luxembourg on Friday by US Commerce Secretary Wilbur Ross and Minister of the Economy Etienne Schneider. The Grand Duchy founded a space agency in September 2018, undertaking projects regarding the mining of raw materials, soil and water in space.
The accords between the US and Luxembourg aim to open a formal political dialogue around the field of space, as well as ensuring cooperation on projects for research and space industries.
Both countries will also seek to establish an international framework for the exploitation of raw materials from space. The Grand Duchy is to date the only European country which has put this into law, which has in turn led to a number of space technology enterprises taking up residence in Luxembourg.
In light of the Commerce Secretary's visit to the Grand Duchy, guests from the USA will attend Chateau Bourglinster for talks with Etienne Schneider, Minister of Finance Pierre Gramegna, and representatives of the business and finance sectors. Wilbur Ross will also meet with Luxembourg Prime Minister Xavier Bettel and Jean Asselborn, Minister of Foreign and European Affairs.
