Trade Position
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Trade with other EU countries accounts for almost 66% of Austrian imports and exports. Expanding trade and investment in the emerging markets of central and eastern Europe is a major element of Austrian economic activity. Trade with these countries accounts for almost 14% of Austrian imports and exports, and Austrian firms have sizable investments in and continue to move labour-intensive, low-tech production to these countries. Although the big investment boom has waned, Austria still has the potential to attract EU firms seeking convenient access to these developing markets.
Read more about this topic: Economy Of Austria
Famous quotes containing the words trade and/or position:
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With his own beloved brattling.”
—Sir William Schwenck Gilbert (1836–1911)
“We say that someone occupies an official position, whereas it is the official position that occupies him.”
—G.C. (Georg Christoph)