FRENCH ECONOMIC DIPLOMACY An attractive place to do business Plan Economic diplomacy, a priority for France Diplomatic network: the “Economic focus” France:

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Presentation transcript:

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

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: 6 th largest global economy, 2 nd largest European market: > 65 million consumers 4 th 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 % fall in trade deficit in 3 years Reduction of public deficit: €50 billion saving plan from Impact of these structural reforms on growth (OECD) : +1-2 points of activity in 5 years +3-4 points of activity in 10 years GDP growth forecast, by year ( ) Source: IMF, World Economic Outlook, April 2015

FOREIGN INVESTORS IN FRANCE ONE OF THE WORLD’S LEADING DESTINATIONS FOR FOREIGN INVESTMENT 4 th globally and 2 nd 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: 2 nd place in Europe, 6 th globally Top 100 innovative companies: 3 rd globally R&D, engineering, design: 9% rise in foreign investment in 2014

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 FRANCE COFACE

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