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Luxembourg's ministers are pushing for an open economic system in Paris!
Luxembourg ministers emphasize multilateralism and open economy at the OSCE meeting in Paris to strengthen global standards.
Luxembourg's ministers are pushing for an open economic system in Paris!
A three-day ministerial meeting of the Organization for Security and Cooperation in Europe (OSCE) will take place in Paris on June 4, 2025. Among those taking part in this meeting are Luxembourg Foreign Minister Xavier Bettel, Finance Minister Gilles Roth and Economics Minister Lex Delles. Those present discuss the role of multilateralism and the need for a rules-based international order, such as Wort.lu reports.
Xavier Bettel highlights the importance of multilateralism, especially at a time when it is under pressure. The US in particular tends to question this approach, while states such as China and Russia support it. The dispute over multilateralism touches on fundamental principles, values and the organization that shapes the international order. Loud SWP Effective multilateralism requires a realistic assessment of its prerequisites and the skillful management of its characteristics.
Open economic systems in the foreground
At the current conference, Lex Delles advocates an open economic system based on clear and predictable rules. This model is intended to help strengthen economies, ensure a level playing field and, in particular, support small and medium-sized enterprises (SMEs). Delles underlines the importance of technologies such as artificial intelligence and quantum technologies for the future of the economic order.
Gilles Roth emphasizes that Luxembourg sees multilateralism as a key approach to addressing global challenges. Predictability and stability in policy are vital for businesses to inspire confidence and encourage investment. This is consistent with the statement of SWP that global challenges often require the cooperation of many actors, as individual states are not able to overcome them alone.
Risks and opportunities of multilateralism
The discussion at the meeting also points to the inherent difficulties and limitations of multilateralism. While it offers opportunities to tackle complex global tasks, it can also be ineffective. Multilateral diplomacy is often longer and more complex than bilateral or unilateral approaches. Experts also warn that a lack of significant results can undermine faith in multilateral processes.
The “Alliance for Multilateralism,” which was launched by Germany and France, seeks to strengthen functioning elements of the international order. However, the success of such initiatives requires real cooperation and a willingness to compromise among the states involved. The Luxembourg approach advocated by Bettel, Roth and Delles could be a valuable addition to these global efforts by emphasizing trust in international structures and the importance of a stable and open economic system.