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Strategy for Foreign Economic Relations

Strategy for Foreign Economic Relations

The Strategy for Foreign Economic Relations provides the framework for the use of policy instruments in our bilateral economic relations. Policy instruments that fall into the realm of the Ministry of Finance are: state-supported export guarantees, concessional export financing, double taxation agreements, as well as the cooperation with the international development banks and customs administrations.

The Strategy is based on an analysis of our economic environment after the financial crisis. Salient features are the less abundant supply of private export financing, the renewed importance of international financial institutions, and the less dynamic economic growth in several important partner countries.

The two underlying strategic goals are to effectively support the expansion of trade and investment activities abroad, and to contribute to the improvement of the terms of trade. The operational targets are grouped around two topics: the optimal use of synergies between the different instruments as well as the gradual modification of the instruments, as developments require. Based thereon concrete projects are designed.

Projects underway or planned are, inter alia, an evaluation of soft loans, the strengthening of the analytical work on the future of state-supported export guarantee schemes, and improvements in the management of information on business opportunities

• Double Taxation Agreements
• Austria and the International Financial Institutions

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