Luxembourg: India, Belgium and Luxembourg have reaffirmed their commitment to strengthening trade, investment and economic cooperation across key sectors during the 19th Session of the India–Belgium–Luxembourg Economic Union (BLEU) Joint Economic Commission (JEC), held in Luxembourg on October 29, 2026.
According to a press release issued by the Press Information Bureau (PIB), Government of India, the meeting reviewed existing trade and investment relations among the three countries and explored opportunities to enhance economic engagement, facilitate trade and investment flows, and expand cooperation in areas of mutual interest.
The session was co-chaired by India’s Commerce Secretary, Rajesh Agrawal; Filip Vanden Bulcke, Director-General for Geo-Economy and Economic Diplomacy at Belgium’s Federal Public Service Foreign Affairs, Foreign Trade and Development Cooperation; and Henri Schumacher, Secretary General of Luxembourg’s Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade.
Discussions focused on several priority sectors, including logistics, air connectivity and ports, renewable energy, clean technology, financial services, FinTech, digital transformation, information and communication technology (ICT), healthcare, life sciences, Ayurveda and traditional medicine, and agro and food processing.
The three sides also agreed to explore opportunities for deeper cooperation in aerospace, research and innovation, higher education, and skill development. Market-related issues were discussed to address trade concerns, improve market access and identify new avenues for strengthening economic ties.
The meeting provided an opportunity for India, Belgium and Luxembourg to exchange views on their economic priorities, assess sectoral cooperation and identify opportunities for greater business engagement and investment partnerships.
Following the JEC session, Commerce Secretary Rajesh Agrawal interacted with CEOs of Luxembourg-based companies at a business interaction. He highlighted India’s strong economic growth and investment potential, particularly in financial services, advanced manufacturing, logistics, clean energy, digital technologies, healthcare, and research and innovation.
Agrawal encouraged Luxembourg companies to explore long-term investments, technology partnerships and opportunities to collaborate with Indian businesses and integrate into global value chains.
The 19th JEC session reaffirmed the commitment of India, Belgium and Luxembourg to sustained economic dialogue and mutually beneficial partnerships, with a focus on expanding trade, strengthening investment cooperation and exploring emerging opportunities across strategic sectors.
