Trade Position
| This section does not cite any references or sources. |
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:
“Literature flourishes best when it is half a trade and half an art.”
—W.R. (William Ralph)
“Explore, and explore. Be neither chided nor flattered out of your position of perpetual inquiry. Neither dogmatize, or accept another’s dogmatism.”
—Ralph Waldo Emerson (1803–1882)