Trade Report - France

Transcription

1 Trade Report - France Presented by: Jian Liu: Yuan Gao:

2 Country Profile The largest Western European nation The third largest country in Europe Total area 547,030 km 2 Capital: Paris Other main cities: Marseille, Lyons, Lille, Toulouse, Nice and Nantes.

3 Country Profile (cont ) Population 61,004,684 (Jan 1st 2006 )! Age structure: 0~19: 24.8%, 20~64: 58.7%, over 65: 16.4%! Population growth rate (2005): 0.37% Ethnic & religious composition! Ethnic group: Celtic and Latin with Teutonic, Slavic, North African, Indochinese and Basque minorities! Religions: Roman Catholic 83%-88%, Protestant 2%, Jewish 1%, Muslim 5%-10%, unaffiliated 4%! Official language: French

4 Economy France ranked as the fifth-largest economy in the world in Economic Indicator GDP in USD (Official Exchange Rate) GDP (Purchasing Power Parity) GDP-Real Growth Rate GDP per capita: purchasing power parity Labor force Unemployment Rate Inflation Rate (Consumer prices) Investment (Gross fixed) Average Saving rates Industrial production growth rate $2.118 trillion (2005 est.) $1.816 trillion (2005 est.) 1.5% (2005 est.) $29,900 (2005 est.) $27.72 million (2005 est.) 10% (2005 est.) 10% (2005 est.) 19.4% of GDP (2005 est.) 11% 0.3% (2005 est.)

5 Economy (Cont ) Economic Structure! Agriculture & agro-food industries: 2.5%.! Industrial sector: 21.4%.! Services: 76.1%. Currency Euro ( ) Year /US $

6 Economy (Cont ) Government Finance (2004) Government expenditure: 53.5% of GDP Government deficit ratio: 3.6% of GDP Government debt: 64.7% of GDP External debt: $2.826 trillion (up to 30 June 2005 )

7 Economy (Cont ) Balance of Payments

8 Politics President: Jacques CHIRAC (since 17 May 1995) Prime Minister: Dominique DE VILLEPIN (since 31 May 2005) The Finance Minister: Thierry BRETON (since 25 February 2005)

9 International Organizations United Nations (UN) European Union (EU) North Atlantic Treaty Organization (NATO) the World Trade Organization (WTO) G7, G8 World Bank Organization for Economic Cooperation and Development (OECD)

10 Global Rankings Total GDP ranked the 5th (out of 184) 2004 The total value of foreign trade (imports and exports) is the 4th (out of 185) 2002 Human development index is ranked 16th (out of 177) 2004 Corruption Index, Transparency International Corruption Perceptions Index is18th (out of 159) 2005

11 International Trade Exports $410,699,781,000 The top 5 exports: Motor vehicles manufacturing Aircraft/Aerospace manufacturing Medicaments include vet Motor part assembling Telecom equipment Other exports include Alcohol beverage, Perfume and cosmetic, Apparel & Fashion, Agro-food industry, Energy, Financial services, etc.

12 International Trade (Cont ) Imports $431,004,906,000 The top 5 imports are: Passenger cars Petroleum/Crude oil Motor parts Computer equipments Medicament

13 International Trade (cont ) Main exports Partners: Germany 15% Spain 9.5% UK 9.3% Italy 9% Belgium 7.2% US 6.7% Main imports Partners: Germany 19.2%, Belgium 9.9%, Italy 8.8%, Spain 7.4%, UK 7%, Netherlands 6.7%, US 5.1%.

14 Trade with Canada Canada s third largest European trading partner Two way merchandise trade! exported to France (2003): C$ 2.1 billion! imports from France: C$ 5.1 billion

15 Trade with Canada (Cont ) Canadian main exports: Nuclear Reactors, Boilers, Machinery and Mechanical Inorganic Chemicals Aircrafts and Spacecrafts Pulp of Wood Electrical or Electronic Paper, Paperboard Mineral Fuels, Mineral Oils Optical, Medical, Photographic Motor Vehicles Canadian main imports: Aircrafts and Spacecrafts Beverages, Spirits and Vinegar Pharmaceutical Products Automotives Essential Oils, Perfumes, Cosmetics Organic Chemicals Iron and Steel

16 Trade with Canada (Cont ) Trade in Services Exports of services to France: C$1.6 billion (2002 ) Imports of services from France: over C$1.6 billion Service exports to France, 1990 and 2002 Service Imports from France, 1990 and 2002

17 Trade with U.S. & Mexico Trade with U.S. In 2004, U.S. imports from France were 23 billion Euros (2% of all U.S. imports), and U.S. exports to France 22.4 billion Euros. France is America s ninth-ranked supplier worldwide, and its tenth client. The U.S. is France s fifth-ranked client and its third supplier.

18 Trade with U.S. & Mexico Trade with Mexico In 2002, the total export from Mexico to France is $349.1 million dollars, while the import from France is $1,806.8 million dollars France is today the 11th supplier of Mexico, the fifth among the European Convention countries, as its 14th customer

19 FDI Between France & Canada French FDI in Canada France is the 2 nd largest source of foreign direct investment in Canada, after the U.S. Canadian FDI in France France is the 3 rd among Canada s European investments and 5 th in the world

20 FDI Between France & Canada (Cont ) Leading French industry in Canada:! Alstom! Alcatel! PPR-Rexel! Ubisoft! EADS! Faurecia, Michelin! Air France! Gaz de France! Danone,, L'Oréal, Hermès! AGF, AXA-UAP Canadian firms in France:! Alcan! Bombardier! Cascades! McCain! Nortel! Quebecor! Tembec! Transat

21 Bilateral Relationship Close and harmonious bilateral relations in all areas France-Canada Action Program 1997

22 Trade Disputes Trade disputes on natural resource free trade, agricultural free trade and the sale of genetically modified food.!september 2000 Canada to appeal WTO decision regarding France s ban on Chrysotile Asbestos.!Disputes on the Beef Hormones since 1999

23 France s Trade Policy Free trade of goods and services within EU International trade policies are determined by European Union agreements and practices Investigates ways to promote exports more aggressively, especially to markets in East Asia and Latin America Continues to extend varying preferential tariff treatment to imports from the African, Caribbean, and Pacific developing countries

24 France in Doha Round France is protesting moves to cut subsidies to farmers. France to put sticks in the wheels?

25 Overall Assessment still a leading power Two risks! the steady deterioration in external trade Weak growth in French export values Sharp increase in French imports Changes in French competitiveness! the persistence of excessive government deficits Drain on the stock of confidence on monetary and financial stability generate the potentially explosive growth of government debt hampers the general competitiveness of the French economy

26 Economic Outlook The real GDP growth to slow from 2% in 2004 to just 1.4% in 2005, before picking up to 1.6% in 2006 and 2.2% in 2007 Domestic demand is expected to pick up slightly and exports should recover Modest employment gains will permit only a small drop in unemployment Inflation is likely to fall back The general government deficit is likely to remain above 3% of GDP

27 Potentials and Challenges France lags some of its key competitors in the knowledge-based economy Foreign-controlled affiliates will continue to make an important contribution to the French economy France has lost market share in manufacturing

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