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How attractive is France’s investment environment?

December 17th, 2012 1 comment

The French-American Chamber of Commerce (FACC) posted the following summary of a report recently carried out by consulting and accounting firm KPMG.

The full report is available here, entitled “Facts & Figures on France’s Investment Attractiveness”.

Probably a good idea to check out other resources as well.

There is an interesting report by The Economist in their “The World in 2013” edition that highlights the likely challenges facing President Hollande’s administration in the next year including the difficulty in encouraging business growth and more investment.

While France remains a country that retains an attractive profile, there is a real risk that increasing taxes and a morose business climate could take hold and hamper growth in 2013. So although France has a lot to offer, it must make progress to improve the business climate and decrease unemployment. It’s not an easy time for Europe, and France will not be an exception. But as the adage goes, “no pain, no gain”.

From: Invest in France Agency

In the competition with other European countries to attract inward investment projects, France boasts a number of key strengths underpinning its investment attractiveness.

These advantages include:
– A large, dynamic market in Europe.
– A skilled, productive workforce.
– Recognized support to foster innovation.
– A plentiful supply of commercial real estate.
– Dense, high-quality transport infrastructure.
– High-quality energy and telecommunications at competitive rates.
– Renowned quality of life.

According to KPMG’s “Competitive Alternatives” biennial guide to business costs in over 100 cities in nine different countries, France stands out for having particularly attractive business setup costs, comprising labor costs, facility costs, transport, utility costs (electricity, natural gas, telecommunications) and corporate tax. In the 2012 edition, France was ranked fourth among the countries compared, up two places from sixth in the previous rankings (2010).

Defining Franco-American commercial relations

The new President of the French-American Chamber of Commerce (FACC), Elsa Berry, was recently interviewed by French business daily Les Echos on Franco-American business relations.

You can read the article and more on the FACC Chicago website (excerpt below describing the article, with link to article at bottom, in French):

Les Echos Speaks to Ms. Elsa Berry Concerning French-American Relations

Elsa Berry, nouvelle présidente de la Chambre de commerce franco-américaine, souhaite favoriser un accroissement des relations entre les Etats-Unis et la France. Ces relations sont déjà basées sur la coopération, y compris politique et militaire. Pourtant, selon Elsa Berry, “Il existe de multiples opportunités de communication et d’échanges.” Vous pouvez dècouvrir les objectifs annoncés de la présidente de la Chambre de commerce franco-américaine dans cet entretien publié le 6 juin dans Les Echos.

Read the full article in Les Echos here.

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