I. Political Relations
China and Austria formally established diplomatic relations on May 28, 1971. In September the same year, the two countries successively appointed ambassadors to each other. The establishment of diplomatic relations between the two countries have opened broad vista for the development of bilateral relations.
II. Economic and Trade Relations
In September 1964, China and Austria signed and exchanged notes on the mutual establishment of commercial offices. In October 1972, the two countries signed the "Agreement on Trade and Payment", upgrading the already existing non-governmental trade ties between the two countries to governmental ones.
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