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Austria could feel impact of Brexit via Germany: trade official

Xinhua, November 15, 2016 Adjust font size:

The British exit from the European Union (EU) could affect Austria due to its impact on the two countries' major mutual trading partner Germany, Austria Press Agency quoted an Austrian official as saying here on Monday.

Austrian Trade Commissioner for the UK Christian Kesberg said that while Austrian managers presently have a "keep calm and carry on" attitude toward the so-called "Brexit" outcome, not anticipating any direct shocks, secondary effects via Germany are looming because Germany is the UK's third-largest trading partner and the most important one for Austria.

Given Germany's particular significance to the UK and Austria, if the British departure from the EU have a negative economic impact on Germany, Austria will in turn feel this. Endi