Austria and the United Kingdom cooperate closely in a range of topics in the context of the European Union and often share similar positions in international politics.
The United Kingdom has been one of Austria’s most important trading partners for many years and is Austria’s eight largest export destination. In 2015 the trade volume has increased by 5,7%. The UK is also among Austria’s TOP 10 destinations for foreign direct investment — there are currently around 240 Austrian subsidiaries in the UK, employing over 32.000 people.
The importance of Britain to the Austrian economy is also demonstrated by the tourism industry — almost 900,000 British tourists visited Austria in 2010, which makes the United Kingdom Austria’s fifth largest market for inbound tourists staying for one or more nights. Especially summer tourism has increased in recent years.
Being a major cultural metropolis, London is equally important to the ongoing development of Austria’s intellectual heritage and contemporary art scene. In turn, projects carried out by the Austrian Cultural Forum (ACF) very often provide a stimulus to the British cultural scene. Moreover, the ACF is also a platform for scientific research on Austria’s influence on Great Britain’s artistic and cultural heritage.