Chamber of Commerce launches London Business Club

A multi-sector trade mission kicks off in London on June 7. Organized by the Luxembourg Chamber of Commerce in cooperation with the Embassy of the Grand Duchy of Luxembourg in London, it will be held over two days.

June 7 of this year also marks the establishment of the Chamber’s fourth business club abroad. It will be officially launched at the residence of Jean Olinger, the ambassador of the Grand Duchy of Luxembourg in the United Kingdom. Thus, London joins the international network of business clubs in Luxembourg. The first was launched in Berlin in 2012 by Cindy Tereba, Director of International Affairs. This year he celebrates his tenth birthdaye Anniversary. Business Clubs were set up in Paris and Brussels in 2014 and 2016 respectively.

“These markets are also our main business partners, so it is important for us to open business clubs in these four markets. This is to improve connectivity between the business communities, which are already closely related, but above all to provide them with a platform to network, participate in partnerships, exchange ideas, etc. Christophe Bregé explains.

In addition to being given the opportunity to learn about UK trade and investment opportunities, participants will have the opportunity to discover some of the most notable projects in the London landscape. During a visit to the Grand Duchy in May, the British Trade Commissioner for Europe, Chris Barton, estimated that bilateral trade amounted to “about £13 billion annually. Over 90 to 95% of this amount belongs to the services sector: financial services and other business services: telecommunications, Information technology, etc.

Christophe Prigge, who has already helped Luxembourg companies with their internationalization strategies and advised them on market strategies for entering the UK, says that “after Brexit, it makes sense to bring the two countries closer. We must emphasize business communities, but also nurture existing trade links between the two markets.

Although it was the Chamber of Commerce that launched the Entrepreneur Club, Christophe Bregi indicated that it would be managed by the companies themselves, through a president whose name has not yet been revealed.

Christophe Bregge adds that much of his work over the past year has been driven by the United Kingdom’s exit from the European Union. “My main task at the beginning of last year, and throughout the year, was to support our business which has suffered from the impact of Brexit on its business activities,” he explains. “We have set up a Brexit hotline… all businesses that have been affected in any way can contact us. We have researched and advised them on the new realities, the new administrative burdens that have been imposed when trading with the UK… the trade has not been as smooth as it used to be. From before. “

The London Business Club was originally scheduled to launch in the first quarter of 2022. It had to be postponed due to the Covid pandemic. It will finally take place on 7 June in the presence of the Minister of Finance, Yoriko Pax (DP), which makes, according to Christophe Bregge, “a very strong signal that the UK remains a major trading partner for us…also shows to the business community that the two markets are truly linked and complementary”.

The international agenda of the Luxembourg Chamber of Commerce has been very busy this year. In March, it reached a record 300 registered at the Mipim real estate market fair in Cannes, France, which celebrated its 15th day.e Anniversary of the existence of the national flag of Luxembourg.

For more information on upcoming events of the Luxembourg Chamber of Commerce, including its international agenda, visit
cc.lu
.

This article was written by
Delano
In English, translated and edited by Paperjam in French.

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