2024-06-11 11:02:57
Austria advantages vastly from the EU’s strengths – strengthening competitiveness should be a precedence within the subsequent legislative cycle
Vienna(OTS) – Consultant Mariana Kühnel described the day as “a fortunate day and a trampoline for extra development, extra jobs and prosperity for Austrians”. The Secretary Basic of the Austrian Chamber of Commerce (WKÖ) delivers a message on the event of tomorrow’s anniversary of the EU referendum of 12 June 1994.
The stability sheet impressively confirms that Austria as an entire has benefited considerably from EU membership. Since 1995, the quantity of international direct funding in Austria has elevated greater than tenfold. Over the previous 30 years, Austria’s exports to different EU nations have quadrupled to roughly 137 billion euros. “At this time, the EU is our house and residential market – seven tenths of Austria’s international commerce is with the EU. Austria is without doubt one of the nations that has and is ready to take notably full benefit of the EU’s inner market. For Austria, There is no such thing as a different to becoming a member of the EU and anybody who thinks in any other case is by accident taking part in with fireplace.
After the EU elections, and with the institution of the brand new European Fee within the autumn, Europe’s future course shall be decided in 2024. Enhancing competitiveness should be a precedence throughout the future legislative interval. “Europe should higher equip itself to deal with rising competitors within the world financial system,” Kuhnel stated.
From the WKÖ’s perspective, crucial levers to attain this are continued efforts to deepen the EU inner market, cut back the bureaucratic burden on companies, reasonably priced and safe vitality provides, an energetic EU commerce coverage and well-established commerce agreements in addition to strengthening A location for analysis and innovation. These are key elements of Europe’s sustainable financial development and excessive requirements.
Specifically, lowering paperwork and regulatory burdens should be excessive on the agenda: “We want a clearly focused technique that eases the burden on companies, removes boundaries to cross-border enterprise and is ready to activate the required turbochargers. This strengthens Europe’s competitiveness and can present much-needed reduction, particularly to small and medium-sized enterprises.
We Austrians are at our greatest following we transcend our borders. However this requires the appropriate framework situations. By way of the “EU 2024+ Agenda, constructing a resilient EU in a altering world”, the WKÖ presents concrete proposals to strengthen the European financial system and supply our corporations with the appropriate situations to develop past themselves: (PWK223/ST)
Questions and phone data:
Digital media and communication
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austrian chamber of commerce
T 0590 900 – 4462
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1718103858
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