BELGIUM-LUXEMBOURG ECONOMIC UNION

The 'Belgium-Luxembourg Economic Union' (, , ), abbreviated to 'BLEU' or 'UEBL', is an economic and monetary union between Belgium and Luxembourg, two countries in the Benelux economic union.
BLEU was created by a treaty signed on 25 July 1921 between Belgium and Luxembourg, and came into effect upon ratification by the Luxembourgian Chamber of Deputies on 22 December 1922.^[1] The original treaty lasted for fifty years, expiring in 1972; this was extended for ten years in 1982 and again in 1992. On 18 December 2002, the two countries and the three regions of Belgium signed a new convention.
Under the terms of the treaty, the economic frontier was lifted and the Belgian franc and Luxembourgian franc were set at a fixed parity (though revised in 1935 and 1944). International trade statistics were only available for BLEU as a combined entity until 1999, when European Community rules required split information.
It has been seen as the forerunner of Benelux which also includes the Netherlands.

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References

Footnotes

1. Kreins (2003), pp.92–3

References

★ Histoire du Luxembourg, , Jean-Marie, Kreins, Presses Universitaires de France, 2003, ISBN 978-21-3053-852-3