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France

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of France
Map of France

Country Facts

Nominal GDP2,420.10 Billion USD
Population64.40 Million
Total Trade/GDP61.44%
CurrencyEuro (EUR)
Merchandise Imports from Canada3,136.24 Million CAD
Canadian direct investment6,890 Million CAD
Main importsMachinery & Equipment, Mineral Fuels, Chemicals, Food, Beverage & Tobacco

EDC in France

Canadian companies assisted470
International buyers insured821
Business volume772.00 Million CAD

Business Environment

In 2015, France was Canada’s 4th largest merchandise export market in the EU with total Canadian exports reaching CAD 3.1 bn. While trade and investment ties have  historically been  strong, these could be affected by continued tepid  economic growth since the Global Financial Crisis. Moreover, presidential elections in 2017 and near term economic headwinds stemming from the UK’s vote to exit the EU could exact a further negative influence. From a sectorial perspective, EDC has historically seen most activity in the Aerospace (Engines and Components), Automotive & Heavy Truck, Construction & Infrastructure and Extractive (Metals & Mining and Oil & Gas) industries. In addition to these industries, EDC sees strong opportunities in the Cleantech, Renewable Energy, Utilities, ICT and Healthcare / Pharmaceuticals. It should also be noted that France has an accommodative business environment, ranking 22nd out of 140 on the World Economic Forum’s recent Global Competitiveness Report making it an attractive location for investment.

Key Industries

  • Aerospace
  • Advanced Security
  • Mining & Metals
  • Oil and Gas
  • Telecom
  • Transportation Services

How we can support your business

Through our representation in London, United Kingdom, we provide regional support to Canadian companies planning on or currently doing business in France. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market. 

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

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