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FRENCH ECONOMIC DIPLOMACY
An attractive place to
do business
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At the heart of the world’s
biggest market
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A productive and dynamic
workforce
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Low set-up costs
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An innovative economy
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Paris, a major financial centre
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A dynamic capital
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Renowned quality of life
Plan
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Economic diplomacy, a priority for France
Diplomatic network: the “Economic focus”
France: separating facts from fiction:
A macroeconomic scenario cautious and
realistic
Foreign investors in France
Innovation
Tourism
Europe
ECONOMIC DIPLOMACY, A PRIORITY FOR FRANCE
ECONOMIC DIPLOMACY, A PRIORITY FOR FRANCE
DIPLOMATIC NETWORK:
THE “ECONOMIC FOCUS”
AN ATTRACTIVENESS ACTION
PLAN IMPLEMENTED SINCE 2013
• Influence Councils
• Creation of Business France
FRANCE:
SEPARATING FACTS FROM FICTION
The European Union:
• Largest global economy
• > 500 million consumers
(Eurostat, 2014)
France:
• 6th largest global economy,
• 2nd largest European market: > 65 million
consumers
• 4th place in the Fortune Global 500,
• Leader in many sectors, including tourism,
aeronautics and space, R&D, and luxury
A MACROECONOMIC SCENARIO
CAUTIOUS AND REALISTIC
3%
2%
• Growth should speed up in 2015
• 30% fall in trade deficit in 3 years
• Reduction of public deficit:
€50 billion saving plan from 2015-2017
1%
0%
-1%
Impact of these structural reforms on
growth (OECD):
-2%
2013
2014
France
2015
2016
Germany
2017
Italy
2018
2019
2020
United Kingdom
GDP growth forecast, by year (2013-2020)
Source: IMF, World Economic Outlook, April 2015
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+1-2 points of activity in 5 years
+3-4 points of activity in 10 years
FOREIGN INVESTORS IN FRANCE
ONE OF THE WORLD’S LEADING DESTINATIONS FOR
FOREIGN INVESTMENT
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4th globally and 2nd in Europe for foreign direct investment
(FDI) stocks
(UNCTAD, 2014)
•
20,000 foreign companies present in France, employing
2 million people
(Business France, 2015)
• 19 foreign companies per week choose France for new
investments
(Business France 2015)
AN INNOVATIVE ECONOMY
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Patent registration: 2nd place in
Europe, 6th globally
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Top 100 innovative companies: 3rd
globally
R&D, engineering, design: 9% rise in
foreign investment in 2014
Average R&D expenditure as a % of GDP, 2000-2010
3
2.5
2
1.5
1
0.5
0
Espagne
Italie
RU
Zone euro
France
Allemagne Etats-Unis
A SET OF SCHEMES TO SUPPORT
INNOVATION
Development of strategic sectors and the
digital economy:
• €47 billion: future investments
programme (PIA) and the French VeryHigh-Speed Broadband Plan
Attracting the talents of tomorrow
• “French Tech”: €215 million for start-ups
and digital companies
• “French Tech Ticket”:pack for foreign
entrepreneurs
TOURISM : AN ATTRACTIVE DESTINATION
x
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World’s leading destination with 85
million international visitors per year
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Objective : welcome 100 million foreign
tourists by 2030
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Third global destination in terms of
revenue
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1.1 million direct jobs and 1 million
indirect jobs
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Close to 7.4% of GDP, or 9.1% if
indirect income is included
EUROPE
• Open access to 32 markets
EU and EFTA
• EU-Third countries: more than 30
free trade agreements
• Strenthening the economic
governance
THANK YOU
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ANY QUESTIONS?
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CONTACTS :
BUSINESS FRANCE
COFACE