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.
Spanish Netherlands Spanish Netherlands Spanish Netherlands (; ; , ) was the collective name of States of the Holy Roman Empire in the Low Countries, held in personal union by the Spanish Crown (also called Habsburg Spain) from 1556 to 1714. This region comprised most of the modern states of Belgium and Luxembourg, as well as parts of northern France, southern Netherlands, and western Germany with the capital being Brussels. The Imperial fiefs of the former Burgundian Netherlands had been inherited by the Austrian House of Habsburg from the extinct House of Valois-Burgundy upon the death of Mary of Burgundy in 1482.