Luxembourg

Transparency is one of the central pillars of effective regulation, supporting accountability, sustaining confidence in the legal environment, making regulations more secure and accessible, less influenced by special interests, and therefore more open to competition, trade and investment. It involves a range of actions including standardised procedures for making and changing regulations, consultation with stakeholders, effective communication and publication of regulations and plain language drafting, codification, controls on administrative discretion, and effective appeals processes. It can involve a mix of formal and informal processes. Techniques such as common commencement dates (CCDs) can make it easier for business to digest regulatory requirements. The contribution of e-Government to improve transparency, consultation and communication is of growing importance.

This chapter includes data on trade between Luxembourg and partner countries and groups of partner countries. The data are broken down into imports and exports and are presented in millions of US dollars. Methodological notes provide more information about the source and coverage of the data.

Chapter 3 analyses Luxembourg’s progress towards achieving a greener and more inclusive economy. It looks at efforts to build a sound policy and institutional framework for sustainable development. It reviews steps taken to green the tax system, by using energy and transport taxes to pursue environmental objectives and removing environmentally harmful subsidies. In addition, this chapter examines investment in sustainable infrastructure and services and the country’s eco-innovation performance, as well as opportunities for greening the financial sector. Finally, it briefly reviews progress in mainstreaming environmental considerations into development co-operation.