FRENCH ECONOMIC DIPLOMACY

An attractive place to do business

Plan

• 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

• At the heart of the world’s biggest market

• A productive and dynamic workforce

• Low set-up costs

• An innovative economy

• Paris, a major financial centre

• A dynamic capital

• Renowned quality of life

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 (Eurostat, 2014)

• > 500 million consumers

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

• 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

Impact of these structural reforms on growth (OECD):

• +1-2 points of activity in 5 years

• +3-4 points of activity in 10 yearsGDP growth forecast, by year (2013-2020)Source: IMF, World Economic Outlook, April 2015

-2%

-1%

0%

1%

2%

3%

2013 2014 2015 2016 2017 2018 2019 2020

France Germany Italy United Kingdom

FOREIGN INVESTORS IN FRANCE

ONE OF THE WORLD’S LEADING DESTINATIONS FOR FOREIGN INVESTMENT

• 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

• Patent registration: 2nd place in

Europe, 6th globally

• Top 100 innovative companies: 3rd globally

• R&D, engineering, design: 9% rise in foreign investment in 2014

Espagne Italie RU Zone euro France Allemagne Etats-Unis0

0.5

1

1.5

2

2.5

3

Average R&D expenditure as a % of GDP, 2000-2010

A SET OF SCHEMES TO SUPPORT INNOVATION

Development of strategic sectors and the digital economy: • €47 billion: future investments programme

(PIA) and the French Very-High-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

 

• World’s leading destination with 85 million international visitors per year

• Objective : welcome 100 million foreign tourists by 2030

• Third global destination in terms of revenue 

• 1.1 million direct jobs and 1 million indirect jobs

• Close to 7.4% of GDP, or 9.1% if indirect income is included

x

EUROPE

• Open access to 32 markets EU and EFTA

• EU-Third countries: more than 30 free trade agreements

• Strenthening the economic governance

THANK YOU

***ANY QUESTIONS?

***CONTACTS :

BUSINESS FRANCECOFACE