2023-08-07 11:09:04
LH Mikl-Leitner: Great Britain important trading partner despite Brexit
St.Pölten (OTS) – Governor Johanna Mikl-Leitner recently received Lindsay Skoll, Ambassador of the United Kingdom in Austria, for her inaugural visit. “Despite Brexit, Great Britain is still one of Lower Austria’s most important trading partners and is of great importance for our companies. Wind power in particular can provide our partnership with new impetus,” emphasized Mikl-Leitner.
Export is a key growth engine for many Lower Austrian companies – Lower Austrian companies earn almost every second euro abroad. “Lower Austria’s export-oriented companies with connections to Great Britain were of course faced with new challenges as a result of Brexit and the more difficult market access. But especially in the field of wind power, Lower Austria can open up new business opportunities as a technology supplier,” emphasized the governor.
Great Britain is still one of the most important trading partners and ranks 13th among Lower Austria’s most important export markets. In 2022, Lower Austria exported goods worth around 659 million euros to the United Kingdom and recorded an export increase of 29.7 percent compared to the previous year – in 2021 goods exports were around 508 million euros (14th place) and in 2019 almost 503 million euros ( 11th place). The top 3 groups of goods exported from Lower Austria to the United Kingdom in 2022 were tractors and bicycles, electrical machines and electrotechnical goods, and boilers and machines.
In international competition and especially in bilateral trade with Great Britain, Lower Austrian companies are currently seeing increasing business opportunities in a wide variety of areas and sectors, for example in terms of innovative solutions, products or services for process optimization or niche products for the high-tech sector. In the field of renewable energies, the British government is not only planning to significantly expand wind power, but also to establish an industrial hydrogen market that will export hydrogen to the EU. “Lower Austria is already a successful technology supplier in the field of renewable energies. As a reliable partner of the local economy, we want to continue to actively support our companies in opening up the British sales market even more, especially in this promising phase,” says Governor Johanna Mikl-Leitner.
At the same time, the United Kingdom remains the second largest market in Europe, a technology leader in future topics such as AI or cyber security, and thus a productive knowledge and cooperation hub for domestic tech companies and start-ups.
Questions & contact:
Office of the Lower Austrian provincial government
State Office Directorate/Public Relations
Doris Zöger
02742/9005-13314
presse@noel.gv.at
www.noe.gv.at/presse
1691406868
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