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.
Foreign relations of Belgium liberation of Belgium at the end of World War II. In March 1948 Belgium joined with France, Luxembourg, the Netherlands, and Britain in an agreement to establish a joint defense system. This agreement, known as the Treaty of Brussels, was a recognition that individual national responses to the threat of aggression were inadequate and that a united defense effort was necessary for mutual security. In 1948, after expressions of concern by several European states that the Treaty of Brussels was too limited in scope and effectiveness, the prime minister of Canada called for a mutual defense system comprising Western Europe