France - Export Development Canada (EDC)
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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 GDP2,459.90 Billion USD
Population64.668 Million
Total Trade/GDP60.44%
CurrencyEuro (EUR)
Merchandise Imports from Canada3,403.96 Million CAD
Canadian direct investment8,474 Million CAD
Main importsMachinery & Transport Equipment, Mineral Fuels, Chemicals & Related Products, Food, Beverage & Tobacco, Lubricants & Related Materials

EDC in France

Canadian companies assisted445
International buyers insured1,983
Business volume746.83 Million CAD

Business Environment

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.

Key Industries

  • Aerospace
  • Mining & Metals
  • Oil and Gas
  • Power
  • Renewable Energies
  • 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.

 

EDC Representatives

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