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 The Austrian Minister of Foreign Affairs Mr. Leopold Gratz will
 visit the Commission on 30 January 1985 where he will have talks
 with Mr. Willy De Clercq who has special responsibility for
 external relations and commercial policy.
 This meeting should be seen in the context of the regular
 contacts at political level which take place between the
 Commission and the Austrian government.
 The two sides will discuss the development of trade between the
 Community and Austria, particularly Austria's trade deficit with
 the Community and prospects for a further development of
 bilateral agricultural trade.
 Mr. De Clercq and Mr. Gratz are also expected to exchange views
 on the state of negotiations between the Community and Austria in
 the transport sector, in the light of the Transport Council's
 debate of 12 December 1984.
 Among other talking points will be the follow-up to the
 Luxembourg EC-EFTA Ministerial Meeting in April 1984.
 ./.
  
 
                              - 2 -
 Beyond the Agreement
 In the past decade, cooperation has gone well beyond the original
 scope of the agreements. In a pragmatic way a totally new type of
 relationship between the Community and Austria has been
 established within which both sides can deal with any problem of
 mutual interest.
 Contacts at political level have equally intensified. In the
 recent past, Commission President Gaston E. Thorn has visited
 Austria and the Vice Chancellor of Austria, Mr Norbert Steger,
 has visited the Commission. Moreover, Commission Vice-President
 Wilhelm Haferkamp met Austrial leaders in Vienna in May 1984.
 Among the many areas of cooperation are:
 TRANSIT
 The particular geographical situation of Austria evidently
 justifies a certain coordination in the transport and transit
 sectors. The main agreements concluded were as follows:
 - Agreement of 26 July 1957 which entered into force on 1 March
 1958 and was completed by a Protocol of 10 october 1974, relating
 to the establishment of direct international rail tariffs for the
 transport of coal and steel in transit through Austria.
 - Agreement between the EEC and Austria of 30 November 1972 which
 entered into force on 1 January 1974 and covers Community transit
 of goods.
 - Agreement of 11 May 1975 which entered into force on 1 January
 1977 regulated the conditions of passage through Austria and
 warehousing in Austria of goods traded between the Community and
 Greece and Turkey. This agreement simplifies customs formalities
 and facilitates trade between North and South Europe.
 TRANSPORT
 Austria is an important link in the route between North and
 South-East Europe, a route which has become even more important
 with the accession of Greece to the Community.
 The Austrian authorities accordingly approached the Community
 requesting a financial contribution to the motorway which will
 link the German motorway system with the Yugoslav border and
 subsequently with the Trans-Yugoslav Highway. Negotiations on
 transport problems have taken place between the Community and
 Austria on the basis of a Council decision of December 1981. The
 Council has since interpreted its original decision to mean that
 financial aspects of the problem could also form part of the
 negotiation allowing negotiations to be resumed in May 1984. The
 end result should be an agreement providing for closer
 cooperation between the two parties on an equitable basis.
 STEEL
 In the steel sector, exchanges of information between Austria and
 the Community about exports have been going on for some twelve
 years. Since 1978, the Community and Austria have negotiated
 annual steel arrangements to regulate trade during the present
 recession in the steel market.
           
                             - 3 -
 OTHER AREAS
 An agreement made by exchange of letters in 1978 established
 exchanges of information between Austria and the Commission on
 environment problems. There are also regular exchanges of
 information on economic and monetary matters. Austria
 participates in several actions of European Cooperation in
 Scientific and Technical Research particularly in the sectors of
 metallurgy, meteorology, transport and telecommunications.
 Negotiations have recently been successfully completed to link
 the Austrian data network to EURONET.
 Structure and Development of Trade
 In the ten years of the agreement trade has considerably expanded
 on both sides. Austrian exports to the Community increased from
 2180 MECU in 1973 to 8641 MECU in 1982 representing 53% of its
 total exports. Austrian imports from the Community increased over
 the same period from 3871 MECU to 12624 MECU representing about
 60% of its total imports.
 Seen from the Community viewpoint, Austria is the Community's
 fourth largest customer accounting for 4.4% of total exports in
 1981 and the Community's ninth supplier accounting for 2.5% of
 total imports.
 The Community's has consistently registered a substantial trade
 surplus with Austria though this must be seen in the perspective
 of the greatly increased trade since the signing of the
 agreements. In 1973 the trade surplus was 28% of total bilateral
 trade whereas in 1981 it had fallen to 21%, rising slightly to
 23% in 1982.
 It should also be noted that although Austria has a substantial
 trade deficit principally with the Community, this is balanced by
 a very healthy balance in invisibles, mainly tourism. According
 to Austrian figures tourism brought in the equivalent of 3 000
 MECU in 1982 after deducting the expenditures of Austrians
 abroad. More than 90% of all tourists in Austria came from the
 Community.
 In 1982, 40% of EC imports from Austria were machinery, transport
 equipment and other manufactured goods with chemicals accounting
 for a further 7%. Iron and steel, textiles and paper products,
 accounted for approximately 31%. Community exports to Austria
 were 52% for machinery, transport equipment and other
 manufactured goods, and 11% for chemicals. Textiles, iron and
 steel, iron and steel products, and non-ferrous metals, accounted
 for about 21% of trade. Trade in agricultural goods is
 approximately 5% of bilateral trade in both directions.
           
                                -4-
 Structure and Development of Trade
 In the ten years of the agreement trade has considerably expanded
 on both sides. Austrian exports to the Community increased from
 2180 MECU in 1973 to 9745 MECU in 1983 representing 54% of its
 total exports. Austrian imports from the Community increased over
 the same period from 3871 MECU to 14299 MECU representing about
 63% of its total imports.
 Seen from the Community viewpoint, Austria is the Community's
 fourth largest customer accounting for 4.7% of total exports in
 1981 and the Community's ninth supplier accounting for 3.0% of
 total imports.
 The Community's has consistently registered a substantial trade
 surplus with Austria though this must be seen in the perspective
 of the greatly increased trade since the signing of the
 agreements. In 1973 the trade surplus was 28% of total bilateral
 trade whereas in 1981 it had fallen to 21%  and to 19% in 1983.
 It should also be noted that although Austria has a substantial
 trade deficit principally with the Community, this is balanced by
 a very healthy balance in invisibles, mainly tourism. According
 to Austrian figures tourism brought in the equivalent of 3 000
 MECU in 1982 after deducting the expenditures of Austrians
 abroad. More than 90% of all tourists in Austria came from the
 Community.
 In 1983, 41% of EC imports from Austria were machinery, transport
 equipment and other manufactured goods with chemicals accounting
 for a further 8%. Iron and steel, textiles and paper products,
 accounted for approximately 31%. Community exports to Austria
 were 53% for machinery, transport equipment and other
 manufactured goods, and 10% for chemicals. Textiles, iron and
 steel, iron and steel products, and non-ferrous metals, accounted
 for about 21% of trade. Trade in agricultural goods is
 approximately 5% of bilateral trade in both directions.              TRADE BETWEEN THE COMMUNITY AND AUSTRIA
                                                (million ECU)(*)
            1973   1975   1980   1981   1982   1983   1984
 (7 months)
 EC Imports 2180   2737   7017   7567   8641   9745   6306
 EC Exports 3871   4923  11294  11676  12624  14299   9038
 Balance    1691   2186   4277   4109   3983  -4554   2732
 Source: EUROSTAT
 (*) The exchange rate ECU/dollar varies daily as the various EC
 currencies, which make up the ECU, vary against the dollar. One ECU was worth US$ 1.2 in 1973, US$ 1.39 in 1980, US$ 1.12 in
1981, US$ 0.98 in 1982, US$ 0.89 in 1983 and US$ 0.83 in 1984.

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