In its cooperation with Italy, Luxembourg hopes to identify projects that could benefit both sides of the agreement, including civil space exploration and a sustainable utilisation of space resources. In addition, the agreement will serve to align policies regarding international law and give both countries more pull on the international space stage.

"The signature of the MoU today underlines the common will of our two space agencies and countries to advance in their bilateral cooperation and join forces in many sectors of space that are considered strategic for the future," said Giorgio Saccoccia, president of the Italian Space Agency.

The renewal of an MoU with France came after a 2009 agreement had ran its course in 2015. Here, the focus of collaboration is based on information and expert knowledge exchanges, developing activities that allow for further training of students and research as well as more communication with the public. Sustainable use of space resources was also mentioned in the official press release.

On the agreement with France, economy minister Franz Fayot said that in the context of ever evolving space initiatives in Luxembourg and Europe, “the establishment of a new framework agreement made sense. As a major player in space, France has unparalleled know-how with CNES, which is why I am delighted with this agreement which will make it possible to strengthen cooperation between private and public entities of our two countries, with a particular focus on activities related to space resources."

The announcements come at a time when Fayot is leading an economic mission in .