Slovakia is a member of EU and represents a market based economy. During the wave of privatization, banking sector was given a control to foreign hands. Large foreign investments are being invited by the government at a 19 flat tax rate in banking, automotive sector and real estate, with business friendly policies of labor market liberalization. The Slovakia exports include vehicles, machinery, electrical equipment, metals, chemicals, minerals, and plastics. The main imports are machinery, transportation equipment, manufactured goods, fuels, and chemicals. Its main trading partners are Germany, the Czech Republic, Austria, Italy, and Poland. A large number of Slovakia tenders and RFP's floats from Consultancy Services.