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.
Belgium–Luxembourg Economic Union some relevance in being able to decide more precise measures than these organisations. International trade statistics were available for BLEU only as a combined entity until 1999, when European Community rules required split information. Compared with the Zollverein, the UEBL had several advantages for Luxembourg. Belgium was only allowed to alter its customs tariffs or conclude trade treaties after consultation with the Luxembourgish government, whereas before 1918 Luxembourg had to go along with German decisions. Similarly, only Luxembourgish customs agents would operate in Luxembourg, while under the Zollverein Prussian officials had operated in Luxembourg. The functioning of the UEBL was