Minister of Economy Visited Huawei and Alibaba During State Visit to China

PeoplePoliticians ♦ Published: April 12, 2018; 11:30 ♦ (Vindobona)

Federal Minister of Digitization and Business Location Margarete Schramböck signed an agreement to facilitate access to Chinese trading platforms for Austrian companies during the current state visit to China at the Ministry of Foreign Trade and Economic Cooperation (MOFCOM) in Beijing. Global experience shows, however, that one should be cautious with regard to technical cooperation with Chinese and copyright issues.

Schramböck visited Huawei and Alibaba during the state visit to China / Picture: © NextiraOne Austria GmbH 2009

The Ministry of Economics is convinced that the agreement is a step towards better economic cooperation between the two countries and opens up the Chinese market for exporters of Austrian quality products.

"We are talking about a market with millions of potential products. The online platform, for example, has around 266 million registered customers; hardly anyone…