search

After Singapore and Hong Kong, Luxembourg positioned 3rd worldwide in ICC Open Market Index with a OMI Score of 5.02. Only three economies, Singapore, Hong Kong SAR, and Luxembourg, ranked excellent in terms of their overall market openness. These three economies obtained scores above 5.0 in the aggregate of all four components.

The fewer the barriers to the cross-border flow of goods, services, capital and labour, the greater the openness of an economy. The International Chamber of Commerce (ICC) publishes the Open Markets Index (OMI) with the aim of presenting a balanced and reliable measurement of an economy’s openness to trade. ICC hopes that the OMI may serve as a guide for governments in implementing reforms to enable trade as a driver of sustainable growth and job creation.

The OMI 2017 set out in this report covers four main areas of focus, which are further split across 23 indicators intended to cover factors of openness in each area.

The four main components of OMI 2017 are:

  1. Observed openness to trade
  2. Trade policy settings
  3. Foreign direct investment (FDI) openness
  4. Trade-enabling infrastructure

Read more

“Efficient support, impressive open-mindedness”

09-07-2024

Japanese deeptech startup Thermalytica speaks about launching its innovative insulation technology from Luxembourg for European market expansion.
Read more

Teraki opens Luxembourg office with plans to scale

03-07-2024

In April 2024, German Teraki registered a new office in Luxembourg, from where it plans to expedite market entry for AI-driven autonomous vehicle solutions.
Read more

Exploring European business expansion at Nexus 2050

01-07-2024

Numerous international innovative companies attended tech event Nexus 2050 to discover opportunities for further European business expansion through Luxembourg.
Read more

15 startups graduate from the Fit 4 Start #14 programme

28-06-2024

The 2024 Fit 4 Start Graduate Showcase, held at Luxexpo The Box alongside the Nexus 2050 event, celebrated 15 startups that successfully completed the 14th edition of the startup acceleration programme managed by Luxinnovation.
Read more

Luxembourg's investor appeal surges

18-06-2024

72% of senior executives surveyed by EY plan to invest in Luxembourg within the next year. The country also remains the top destination for FDI projects per capita.
Read more

Resources all news

Fermer