Trade Between Bangladesh & Austria
The bilateral trade between Bangladesh and Austria is over US$400/00 million and Bangladesh export to Austria is around USD 360 million (Per Aus statistics). However, the trade figure posted by EPB of Bangladesh is much less, which is in the vicinity of US$ 100 million with Bangladesh’s export of US $60 million. Although bilateral trade between the two countries is growing steadily with Bangladesh ready made garments topping the list of the products traded, there is further scope for increasing Bangladesh export to Austria with export items like leather products, home textiles, handicrafts, frozen food, pharmaceuticals etc. Similarly Austrian export to Bangladesh could be expanded through export of Bangladesh demand for textile machineries, renewable power generation technologies and the like. To that end this mission is earnestly working on the exchange of trade delegations.
There is no significant investment in Bangladesh by Austrian entrepreneurs. However, our mission has already launched Bangladesh Business Breakfast with the support of provincial chamber of commerce and industries with a view to attracting Austrian investors to invest to Bangladesh in the sectors like renewable energy, tourism development, physical infrastructure, waste management, wood industry, paper products, agro-food processing etc.