![Austria [Shutterstock]](https://www.state.gov/wp-content/uploads/2018/11/Austria-2109x1406.jpg)
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April 6, 2021
U.S. Relations With Austria
Highlights
U.S. Relationship
These are excerpts from the U.S. Relations With Austria
U.S.-Austria Relations
Austria is a free and stable democracy with a social market economy. As heir to the Habsburg monarchy’s historic links to eastern and southeastern Europe, Austria sees a role for itself in helping countries in these regions integrate successfully into the European Union. The United States and Austria share many common values and perspectives, including a support for
Bilateral Economic Relations
Austria is a member of the European Union and World Trade Organization, offering export opportunities for U.S. companies of all sizes, with no significant trade barriers. The country represents a desirable, affluent market for U.S.-made products in Europe. Austria was one of the top ten fastest growing U.S. trade partners and foreign direct investors as of 2019, and
![Austria Flag: three equal horizontal bands of red (top), white, and red; the flag design is certainly one of the oldest - if not the oldest - national banners in the world; according to tradition, in 1191, following a fierce battle in the Third Crusade, Duke Leopold V of Austria's white tunic became completely blood-spattered; upon removal of his wide belt or sash, a white band was revealed; the red-white-red color combination was subsequently adopted as his banner. [CIA World Fact Book]](https://www.state.gov/wp-content/uploads/2018/07/au-lgflag.gif){kind=small}
