Cosmic agreement between Poland and Luxembourg

Photo: Frantisek_Krejci/Pixabay/CC0

The Polish Ministry of Entrepreneurship and Technology stated on Monday that Poland and Luxembourg have signed a memorandum concerning cooperation in the space sector.

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"The memorandum creates a convenient platform for the exchange of information between Poland and Luxembourg in reference to the peaceful research of space resources, in line with the binding international law," Jadwiga Emilewicz, the Entrepreneurship and Technology Minister said in a statement quoted by the ministry.

The document signed by both countries concerns the exchange of information and expertise in the field of space technology over the next five years, as well as political and legal issues. “The aim is transparency within the current international legal framework concerning research and exploitation of space resources, intended to increase innovation and investment,” the press release stated.

Luxembourg has signed similar agreements with Portugal, Japan, China, the Czech Republic, and the United Arab Emirates.

The Luxembourgian Deputy Prime Minister and Minister of Economy Etienne Schneider said that the “Polish and Luxembourg economies are among the fastest growing in Europe.”

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He added that the agreement would strengthen "bilateral and multilateral" cooperation "including with other countries, in the areas of future management systems and global legal frameworks concerning the exploitation of space resources."

Space mining, also called asteroid mining, is a future industrial sector concerned with the acquisition of natural resources from space.

Ms Emilewicz said, during the conference named “Five Years of Poland in the European Space Agency” that space mining is an area that is interesting to many Polish companies, including start-ups, but also one of the country's global champions - the copper mining company KGHM.