On January 29, 2021, China-Europe Association for Technical and Economic Cooperation (CEATEC )and Austrian-Chinese Business Association (ACBA) signed a Memorandum of Understanding (MOU) on establishing a strategic partnership in business cooperation.

The two sides promised will establish a joint working mechanism and make full use of their respective platforms and expertise to jointly working in Chinese and European markets, promote two-way investment cooperation between Chinese and Austrian companies in intelligent manufacturing, biomedicine, new materials, financial technology, health tourism and other fields.

The year of 2021 also marks the 50th anniversary of the establishment of diplomatic ties between China and Austria. CEATEC and ACBA will jointly organize a series of events for celebration and fostering closer ties between Chinese and Austrian companies.  

About Austrian-Chinese Business Association:

ACBA was founded in Vienna, Austria in 2010 with the following missions:

1. To promote economic and trade between Chinese and European entrepreneurs, and develop bilateral relations based on mutual trust;

2. To provide information services and support and keep close ties with entrepreneurs, provide them with specific contacts for solving practical problems, and to support, improve, promote, and deepen the relationship between China and Europe and other groups;

3. To initiate, promote and assist various cooperation projects and activities conducive to the improvement of China-EU economic relations.