Commerce Secretary Rajesh Agrawal Co-Chairs Meeting in Luxembourg; Three Sides Explore Expanded Cooperation in Clean Energy, FinTech, Logistics, Healthcare, Digital Technologies and Advanced Manufacturing
New Delhi/Luxembourg : The 19th Session of the India–Belgium–Luxembourg Economic Union (BLEU) Joint Economic Commission (JEC) was held in Luxembourg on October 29, 2026, providing an important platform for the three countries to take stock of their trade and investment relations and explore fresh opportunities for strengthening economic cooperation across priority sectors.
The meeting was co-chaired by Commerce Secretary, Government of India, Shri Rajesh Agrawal; Director-General for Geo-Economy and Economic Diplomacy, Belgian Federal Public Service Foreign Affairs, Foreign Trade and Development Cooperation, H.E. Mr. Filip Vanden Bulcke; and Secretary General of Luxembourg’s Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade, H.E. Mr. Henri Schumacher.
During the deliberations, the three sides undertook a comprehensive review of existing trade and investment engagements and discussed measures to expand economic partnerships, facilitate cross-border trade and investment flows, and strengthen cooperation in areas of shared interest.
Wide-Ranging Discussions on Priority Economic Sectors
The discussions covered several important sectors with significant potential for bilateral and trilateral collaboration. These included logistics, particularly air connectivity and port infrastructure; renewable energy and clean technologies; financial services and FinTech; digital transformation; information and communication technology (ICT); healthcare and life sciences; Ayurveda and traditional medicine; and agro and food processing industries.
The participants also agreed to explore new avenues of cooperation in aerospace, research and innovation, higher education and skill development, recognising the growing scope for partnerships in these emerging and technology-driven sectors.
Market-related matters also featured prominently in the discussions. The three sides exchanged views on addressing trade concerns, improving market access and identifying practical solutions to facilitate smoother commercial engagement between businesses.
The meeting enabled India, Belgium and Luxembourg to assess their respective economic priorities, review ongoing sectoral partnerships and identify opportunities for greater business-to-business engagement and investment collaboration. The deliberations reaffirmed their shared interest in maintaining sustained institutional dialogue to advance mutually beneficial economic relations.
Commerce Secretary Invites Luxembourg Companies to Explore India’s Investment Opportunities
Following the JEC session, Commerce Secretary Shri Rajesh Agrawal held a separate business interaction with Chief Executive Officers (CEOs) of Luxembourg-based companies.
During the interaction, he highlighted India’s robust economic growth trajectory, expanding investment opportunities and its potential as a major destination for global businesses seeking long-term partnerships and market expansion.
He outlined promising avenues for Luxembourg companies to collaborate with Indian businesses across financial services, advanced manufacturing, logistics, clean energy, digital technologies, healthcare, and research and innovation.
Encouraging Luxembourg enterprises to explore India’s expanding economic ecosystem, Shri Agrawal called for greater long-term investments, technology partnerships and deeper integration with Indian companies to strengthen participation in global value chains.
The engagement highlighted the importance of translating the institutional discussions of the Joint Economic Commission into concrete business partnerships, investment commitments and technology collaborations, further strengthening India’s economic engagement with Belgium and Luxembourg.
