Why trade with France?
France has always played a crucial part in both European and world events. After experiencing two World Wars, the loss of an Empire and numerous political and social upheavals, France has emerged as a vital component in the European Community with a strong sense of pride and heritage. Today, the French business market boasts a variety of international investors and is an important world supplier of agricultural and industrial products. The country also demonstrates one of the highest rates of economic growth in Europe.
Did you know?
France ranks6th in the world in terms of export volumes and 5th when it comes to imports.France is one of the largest markets in the world. The country exports and imports various raw materials, automobiles and electronic products.
France mostly exports machineryandtransportation equipment, aircraft, plastics, chemicals andpharmaceutical products, iron andsteel andbeverages. As for imports, France mostly imports machineryand equipment, vehicles andaircraft, crude oil, plastics and chemicals.
France’s most important trade partners are Germany, Italy, Spain, UK, Belgium, US andthe Netherlands.
France rules the tourism industry withover 82 million tourists visiting the country for its rich heritage and culture.
Almost 25% of the EU’s total agricultural products being produced in France.The government provides subsidies to the agricultural sector and the development of this sector is likely to give export activities a further boost.
European Union is the world wealthiest market and France is an influential economy at the heart of the EU.
The country has global appeal, it is the 3rd leading destination for foreign investment, has over 22000 foreign companies, and 48% of French listed companies owned by international investors.
France is a global player, it is the world’s 5th largest economic power, at the heart of a 495 million-strong consumer market, the 3rd leading destination worldwide for FDI, 2nd only to the US and the UK, the world’s 5th largest exporter of goods and services, the largest and most powerful groups in Europe: 39 in France, 37 in Germany and 34 in the UK (Fortune Global 500)
France has an excellent educational system and a highly qualified workforce. It ranks among the top 5 of the number of employees with higher education degrees in OECD countries.
France is ranked 1st for young employees with science degrees in Europe and 2nd in the world.
Francestrongly encourages research. The country ranks 2nd in Europe and 5th worldwide. It is the 2nd country in Europe for the amount of private Research expenditures and for total research expenditures. France has the best research tax credit in the OECD’s countries since January 2008.
France has the lowest overall running costs in Western Europe, according to KPMG.
France has the longest and safest road network in Europe, one of the best high-speed train network, Charles de Gaulle airport’s hub ranks 2nd in Europe and 6th in the world, Paris is accessible to major European capitals within 2 hours.
On top of that, France has great food, fashion and wine!
Focus on French private label market:
Themarket shares of private labelscontinue to grow. They now account for 30% of the total turnover of the distribution networks.
According to a survey by Nielsen, they contribute about 50% of the growth of hypermarkets and supermarkets in France.
The market share of private label grew in 18 European countries. They now represent over 40% of the market in 5 countries (Switzerland, United Kingdom, Spain, Portugal and Belgium). In the Netherlands, their market share is approaching 30%.
This increase is riding on trendssuch as organic, sustainable development, nutrition, health or convenience… The Private Labels also won the non-food sector, which is booming!