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.
Austrian Netherlands Austrian Netherlands The Austrian Netherlands (; ; ; ) was the larger part of the Southern Netherlands between 1714 and 1797. The period began with the acquisition of the former Spanish Netherlands under the Treaty of Rastatt in 1714 and lasted until its annexation during the aftermath of the Battle of Sprimont in 1794 and the Peace of Basel in 1795. Austria, however, did not relinquish its claim over the province until 1797 in the Treaty of Campo Formio. The Austrian Netherlands was a noncontiguous territory that consisted of what is now western Belgium as well as greater Luxembourg, bisected