Friday, 21 April 2017 08:34

Luxembourg and Canada Finance and Trade Ties Underlined During Ministerial Visit

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xavier bettel bill morneau pierre gramegna Canada april2017

During the working visit to Canada, Prime Minister Xavier Bettel and Minister of Finance Pierre Gramegna met with Finance Minister Bill Morneau for an interview in Toronto for discussions focused on international political, economic and financial news as well as bilateral relations.

 "Cooperation between Luxembourg and Canada is exemplary in financial matters," Xavier Bettel said at the end of the interview with Bill Morneau. "Several Canadian financial institutes are present in Luxembourg and have become fully integrated into the Luxembourg financial community." 

With Bill Morneau we discussed the Canada-EU Comprehensive Economic and Trade Agreement (CETA), as well as the Brexit and its potential impact on global economic and financial exchanges.

"The good health of the Canadian financial sector and the attractiveness of Luxembourg's financial marketplace, especially in the context of the Brexit, are opening up new opportunities between our two countries for both Canadian banks and fintech players," said Minister Gramegna.

The prime minister also had an interview with Ontario Lieutenant Governor Elizabeth Dowdeswell, Her Majesty the Queen's representative, for discussions focused on bilateral relations and shared values ​​and traits shared by Canada and Luxembourg, such as openness or multilingualism. 

During their visit, Xavier Bettel and Pierre Gramegna also visited several companies in the field of innovation, research and finance.

Image: Xavier Bettel, Bill Morneau, finance minister for Canada, Pierre Gramegna. 

A freelance travel writer and journalist, Nicky is adjusting to a quieter life in Luxembourg after six years plying the dirt trails and chaotic streets of Cambodia.

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