Austria Wants to Act as a Bridge Between EU and China
- Economy minister warns there will be no trade war winners
- Country seeks to boost exports to Asian economies: Schramboeck
Photographer: Pintai Suchachaisri/Moment RF via Getty Images
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Austria wants to function as a bridge between China and Europe, attracting investments from e-commerce to electric automobiles while laying the groundwork for trade over the new Silk Road, according to a top government official.
The Alpine country plans to increase the frequency of business missions to Asia and will present an expanded strategy to boost exports by the end of the year, Economy Minister Margarete Schramboeck said. She took part in a record trade delegation this month that clinched 30 deals worth 1.5 billion euros ($1.9 billion) with Chinese companies.