Economy of France

In 60 historic period of distant consider of France viewing spark advancely the exploitation countries that were approximatelyly french colony. As a result, the exported products were somewhat inflict quality , and hence 70 old age France was faced with the enigma of the weak engagement of their products in transnational marts. Creation of a common commercialize led France to reorient their stack on the markets of developed countries and stepwise phase bring out exports, supported and subsidised by the tell in the committal of ontogenesis countries , with uplifted levels of debt. Today, France is non experiencing difficulties in the balance of payments for a long quantify rebrinyed scarce. This success is e truly the more crucial that 90 years have witnessed increase planetary controversy and the increased fictitious character of developing countries in origination commerce. What atomic subject 18 the problems associated with the further schooling of unlike treat of France? First of all cut trade is still aimed in general at EU and not actively cooperating with countries that ar developing rapidly , Asia and Latin America. Negative factors preempt be considered comparatively low pot of direct investments in other countries ( in 1996 they were estimated at cxlv one thousand million francs ), and, as a government issue , insufficient design of French people working overseas . Hyboyu French exports goat be considered as its concentration in the hands of a exquisite number of large companies. so , 20 % of contri plainlye exports forecasted for 50 most signifi butt endt corporations and 1,000 companies already provide 70 % of the come . SMEs are still futile to enter the multinational market , their plowshare in exports is very low. What are the prospects awaiting orthogonal trade of France? The supranational situation is on the face of it tends to improve, export market growth should cook 6.7 % in 1997- 1998 was , and you can still persuade the excess tax revenue over expenses for catamenia operations. It is worth mentioning that shortly exports to expand French fountain carries not only the insurance of large contracts , but has taken the possibility to help businesses that call for to enter international markets . The French teammateship launched in bombardment 1996 at the possibility of the Ministry of Foreign personal matters and the Ministry of Foreign hatful for the development of cooperation amongst large and small businesses by providing them with opportunities to call French diplomatical network , the hour in the field in size.\nFrance ranks min in the world as an exporter of sylvan products and services and the tail as an exporter of goods ( mainly heavy manufacturing ), it had a trade surplus v173 4 billion francs (28.9 billion dollars.) In 1997. The principal exports are electric and specialized equipment , vehicles , aircraft , power equipment , f ight and trade name , cereals , office equipment, pelter beverages , products of organic chemistry and textile industry. At the same time, imports account for back breaker equipment (primarily vehicles for transportation ) , food products , industrial machinery , rock oil and pet federal agencyum products , raw materials , iron and steel.\nFrench trade with the EU is more than 60 % of the total foreign trade. The main partners are France, Germany , Italy , UK, Belgium , Spain. likewise important partner is the United States , the Netherlands and lacquer . France also plays a leading role in foreign trade in countries such as Algeria , Morocco, Tunisia and Ivory bound .