Country Information Export Development Canada Europe and CIS

France

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Evaluating the market in France

We can help you get a better understanding of market activity, relationships and support to grow your business.

EDC Position

EDC Country Position - Open

Open

What this means:

  • Actively pursuing business
  • All EDC solutions are available in this market, subject to regular approval criteria
How does EDC determine the position?

Risk Rating

EDC Country Position – Low Risk

Low Risk

What this means:

The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.

How does EDC determine the risk rating?

Business environment in France

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.
  • Aerospace
  • Mining & Metals
  • Oil and Gas
  • Power
  • Renewable Energies
  • Telecom
  • Transportation Services
International Trade Solutions

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Interested in growing your business in this market?

Speak to a Trade Advisor weekdays between 9 am to 5 pm EST.

1-888-220-0047

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Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy  Senior Trade Advisor, EDC