India, Belgium and Luxembourg have reviewed their bilateral trade and investment relations and explored opportunities to strengthen economic cooperation across key sectors at the 19th Session of the India–Belgium–Luxembourg Economic Union (BLEU) Joint Economic Commission (JEC), held in Luxembourg on October 29, 2026.
The meeting was co-chaired by India’s Commerce Secretary, Shri Rajesh Agrawal; Belgium’s Director-General for Geo-Economy and Economic Diplomacy, H.E. Mr. Filip Vanden Bulcke; and Luxembourg’s Secretary General of the Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade, H.E. Mr. Henri Schumacher.
The discussions focused on enhancing economic engagement, facilitating trade and investment flows, addressing market access issues and identifying new opportunities for business partnerships.
Key areas of cooperation included logistics, particularly air connectivity and ports, renewable energy and clean technology, financial services and FinTech, digital transformation, information and communication technology (ICT), healthcare and life sciences, Ayurveda and traditional medicine, and agro and food processing.
The three sides also agreed to explore deeper cooperation in aerospace, research and innovation, higher education and skill development. Market-related concerns were discussed with a view to facilitating trade and strengthening access to respective markets.
Following the JEC session, Commerce Secretary Rajesh Agrawal interacted with CEOs of Luxembourg-based companies during a business engagement. He highlighted India’s strong economic growth and investment potential, outlining opportunities for collaboration in financial services, advanced manufacturing, logistics, clean energy, digital technologies, healthcare, and research and innovation.
Agrawal encouraged Luxembourg companies to consider long-term investments in India, develop technology partnerships and explore opportunities to integrate with Indian companies to participate in global value chains.
The meeting reaffirmed the commitment of India, Belgium and Luxembourg to sustained economic dialogue and stronger trade and investment partnerships, with logistics, technology, clean energy and advanced manufacturing emerging as important areas for future cooperation.