Photo shows the signing of the MoU by the Luxembourg economy ministry and representatives of the Henan Chinese Group Imported Materials Public Bonded Centre
Photo: Charles Caratini/Luxembourg Chamber of Commerce
Luxembourg is making strides into the field of e-commerce after accepting to trial Chinese e-commerce logistics technology as part of a European pilot scheme.
On Tuesday, leaders signed a memorandum of understanding with the Henan Chinese Group Imported Materials Public Bonded Centre.
The firm currently manages a logistics centre in Zhengzhou providing e-commerce stakeholders with integrated logistics solutions. Building on the new Cargolux air route between Luxembourg and Zhengzhou, the group wants to establish a similar model for the European market by collaborating with logistics leaders in Luxembourg.
The aim is reportedly to set up a sustainable solution for the European market, which conforms with EU legislation on cross-border e-commerce.
“This project is part of the development of cross-border e-commerce which represents a challenge as well as a great opportunity for international trade,” economy minister Étienne Schneider said after the signing.