iconannual 2018

United States of America
Greetings
US _ Austrian Business:
Common Goals and
Mutual Benefit
Eugene S. Young
Chargé d'Affaires a.i. of the United States of America
to the Republic of Austria
Congratulations to the European Business & Investment
Forum on the 14th edition of iconvienna!
This conference is a key platform for investment,
entrepreneurship, and economic cooperation,
and we at the American Embassy are proud to be your
partner in that endeavor.
We are experiencing a renewed trade and investment
boom between Austria and the United States, and we
expect the upward trend to continue. Austrian firms are
showing increased interest in investing in and doing
business with the United States.
I would like to highlight some of the top reasons for
that development:
1. World’s Largest Market: With a GDP of $18 trillion
and 325 million consumers, we are the world’s largest
single-country market. U.S. consumers account
for nearly 1/3 of global household consumption.
2. Ease of Doing Business: With a streamlined regulatory
environment that is particularly conducive to
starting and operating a business, accompanied by
dramatically lower corporate tax rates, the U.S. is
consistently top-ranked internationally for ease of
doing business.
3. Nexus of Innovation: A recognized R&D leader, the
U.S. registers more international patents than any
other country. Innovators enjoy robust intellectual
property rights protections, as well as access to
world-class research universities and incubators.
4. Workforce Talent: Our diverse, skilled, innovative,
and mobile workforce is among the most productive
in the world.
Under the banner of SELECTUSA, a program administered
by the U.S. Department of Commerce, we stand
ready to support investment in the United States. Led
by our Foreign Commercial Service, we at the Embassy
will redouble our engagement with the American and
Austrian business communities, as well as with the
new Austrian government, to further strengthen our
economic cooperation.
We believe the success that companies, large and
small, are having in U.S. and Austrian markets is
critical to boosting economic growth on both sides of
the Atlantic. Together, we will continue to strive for
a broadened and deepened European and American
trade and investment partnership, a partnership of
prosperity now in its seventh decade.
I, and the entire American Embassy team, look
forward to continued success with our partners and
friends in Austria.
Foto: U.S. Embassy
The European Business and Investment Magazine iconannual 55