In 2016, France was Canada’s 3rd largest merchandise export market in the EU with total Canadian exports reaching CAD 3.4 bn. In the medium term, Canadian exports to France should get a boost with the coming into force of the Comprehensive Economic Trade Agreement (CETA). While the growth outlook over the short-medium term remains on the weaker side (1.4% for 2018), structural changes by the new government of President Emmanuel Marco and his party, La Republique En Marche (LREM) which commands a majority in the National Assembly, could lead to improvements in the economic environment. 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 accomodative business environment, ranking 21st out of 138 on the World Economic Forum's recent Global Competitiveness Report making it an attractive location for investment.
- Mining & Metals
- Oil and Gas
- Renewable Energies
- 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.