Trade Between Tiger States and Austria at a High Level

PeopleEntrepreneurs ♦ Published: October 20, 2022; 10:47 ♦ (Vindobona)

The great potential for Austrian companies that emanates from the so-called tiger states in Asia was the main point of the Asia conference recently held by the WKO. Singapore, Hong Kong, Malaysia and South Korea are considered global hotspots for innovation and new technologies.

Singapore has developed into one of the leading metropolises in Asia in recent years. / Picture: © Wikimedia Commons, RamirBorja at English Wikipedia, CC BY-SA 3.0

Countries like South Korea, Malaysia, Singapore and Hong Kong are known as global hotspots for high-tech and innovation. Austria's economy sees great market opportunities in the so-called tiger economies and hopes for growing trade. Especially in the fields of automotives, machinery, automation and environmental technologies, great potential is seen.

"South Korea, Malaysia and…