Austria's economic relations by region
For a small and open economy such as Austria's, economic interaction with foreign countries is of tremendous importance. The export and import of goods, services, capital and know-how are essential for its economic development. Policies to maintain and enhance bilateral economic relations and encourage the export-mindedness of Austrian companies play a key role in this context. Accordingly, the Federal Ministry for Digital and Economic Affairs is in regular contact with domestic and foreign entities in this field both inside and outside the European Union. This dialogue is intended to strengthen Austria as a business location by internationalising the Austrian economy and, in so doing, help generate sustainable growth and viable jobs.
Economic intertwining with other countries is of utmost importance for small and open economies - like Austria’s economy. Therefore, the Federal Ministry for Digital and Economic Affairs (BMDW) engages in continual dialogue with domestic and foreign institutions of economic relevance, both within and outside the European Union. This dialogue aims at strengthening Austria as a business location through internationalisation of Austria’s economy and thereby, contributing to sustainable growth and the creation of future-proof jobs.