Business in Austria

The objectives of the subject “International Trade and Business in” Austria” are the following:

1. To analyze the Austrian Economy and Global Trade
2. To know the business opportunities in the Austrian Market
3. To analyze the Austrian trade relations with the country of the student
4. To know the Austrian Trade Agreements as a member of the EU
5. To develop a business plan for the Austrian Market

The Subject “Foreign Trade and Business in Austria” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: World Trade.

Masters: International Business, Foreign Trade.

Masters adapted to Austrian Students.

Languages: + Austria Autriche Austria.

1. Credits of the Subject “Doing Business in Austria”: 1
2. Duration: one week

1. Baltic-Adriatic Corridor (Poland, Slovenia)
2. Access to the Pan-European Corridor II

Preferential Access and Trade Agreements of Austria

1. Austria and the European Economic Area
2. The EU
   1. As a member of the EU, Austria is a beneficiary of the EU Trade Agreements with South Africa, South Korea, Bharat (India), Mexico, MERCOSUR, Egypt etc
   2. Economic and Monetary Union
   3. European Customs Union
   4. European Single Market
   5. The EU Services Directive
   6. European Digital Single Market
3. Central European Initiative
4. Regional Cooperation Council
5. Organization of the Black Sea Economic Cooperation (observer country)

1. WTO
   1. GATS
   2. Agreement on the Application of Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. WCO
   1. Kyoto Convention
3. Convention on the Harmonization of Frontier Controls of Goods
4. CMR Convention (UN)
5. Hamburg Rules
6. Customs Convention on Containers
7. COTIF Convention
8. BIC (Containers)
9. Chicago Convention (ICAO)
10. IMO
    1. Convention for Safe Containers
    2. Istanbul Convention
11. IRU
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
12. CIM, CIT Rail Rules
13. ICC

European Trade and Economic Organizations of Austria

1. The EU
   1. ECB
   2. EIB
   3. EBRD
   4. EU-CELAC Summit
2. UNECE

1. OECD
2. Inter-American Development Bank
3. Asian Development Bank
4. African Development Bank
5. UN
6. WB
7. WTO
8. IMF
9. OSCE. The headquarters of the OSCE are in Vienna
10. Asia-Europe Meeting

The Republic of Austria (Europe).

1. Austrian Capital: Vienna
2. Languages of Austria: German (official), Hungarian and Slovenian
3. Area of Austria: 83,871 km²
4. Austrian Population: 8.5 million people
5. Type of Government: Parliamentary Federal Republic
6. Borders of Austria: Czech Republic, Germany, Slovakia, Hungary, Slovenia, Italy, Switzerland and Liechtenstein
7. Austria is a landlocked country

Religion in Austria: Catholicism -73% of the Austrian population- (Christianity).

Austria belongs to the European Economic Area.

Economy of Austria.

1. The Republic of Austria is one of the richest countries in the world, with a per capita income of EUR 38,500
2. Austria is the eleven European Union Economy
3. Austrian GDP (nominal): 398 million dollars
4. Major economic downturn in 2011
5. Austrian Currency: Euro
6. Austria joined the EU in 1995
7. Main economic sectors: tourism, vehicles, foods, machinery, chemical products, paper
8. Headquarters of the UNCITRAL and the FIATA

Austrian Foreign Trade.

1. Main Austrian Exports are machines, vehicles, paper, foods, chemical products, steel, textiles
2. Germany is the largest trading partner of Austria
3. Top Austrian export markets are Germany (31%), Italy, Switzerland, the U.S.
4. Main Austrian import sources are Germany (45), Switzerland, Italy, the Netherlands

(c) EENI Global Business School (1995-2023)
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