Luxembourg farms. Luxembourg has especially close trade and financial ties to Belgium and the Netherlands (see Benelux), and as a member of the EU it enjoys the advantages of the open European market. With $171 billion in May 2015, the country ranks eleventh in the world in holdings of U.S. Treasury securities. However, securities owned by non-Luxembourg residents, but held in custodial accounts in Luxembourg, are also included in this figure. Luxembourg has efficient road, rail and air transport facilities and services. The road network has been significantly modernised in recent years with of motorways connecting the capital to adjacent countries.
Southern Netherlands until 1867. The King of the Netherlands was Grand Duke of Luxembourg until 1890, when William III was succeeded by his daughter, Wilhelmina of the Netherlands – but Luxembourg still followed the Salic law at the time, which forbade a woman to rule in her own right, so the union of the Dutch and Luxembourger crowns then ended. The northwestern two-thirds of the original Luxembourg remains a province of Belgium. The Spanish Netherlands (Dutch: "Spaanse Nederlanden", Spanish: "Países Bajos españoles") was a portion of the Low Countries controlled by Spain from 1556 to 1714, inherited from the Dukes of Burgundy.