Both countries are members of the European Union,NATO and Organization for Security and Co-operation in Europe.

Classes are also given for children of Spanish citizens residing in Luxembourg, within the framework of the so-called "Spanish language and culture classroom"[4] The good short- and medium-term forecasts of the Luxembourg economy make it predictable that economic relations with Spain will continue on the same path or even improve in the coming years.

At the same time, there are possibilities for cooperation in a significant number of sectors with great development potential in Luxembourg such as: communications and audiovisual production; Logistics; Investigation and development; building; agrifood sector and everything related to financial services and products.

It is worth mentioning that in 2007 contacts were maintained between the Cooperation Spanish and Luxembourgian to study a possible joint action in some third country (eventually in Central America).

[5] The most relevant event of the year from the bilateral perspective was the state visit of SSMM los Reyes in April 2007.