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Trade Agreements In France - Tenshən

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Trade Agreements In France 5389

17. Vietnam is France`s 17th largest trading partner outside the EU. The impact of these agreements has shown that they are important levers for growth and employment. Since a trade agreement with South Korea was reached, EU exports to South Korea have increased by 60% and a trade surplus of 3.1 billion euros has been recorded in 2016. This policy has resulted in the conclusion of several recent agreements: South Korea (2009), Singapore (2012), Colombia and Peru (2012), CETA with Canada (signed in 2016, provisionally entered into force in September 2017) and the Economic Partnership Agreement with Japan (which came into force on February 1, 2019). Negotiations are ongoing with Chile, Mexico and Mercosur, Australia and New Zealand. Speaking at the Sorbonne University on 26 September 2017, French President Emmanuel Macron spoke in favour of an open Europe that protects and can promote the economic interests of companies and ensure respect for our interests and respect for international trade rules. Given the difficulties encountered in multilateral negotiations within the WTO, market access is increasingly achieved through bilateral or regional agreements. The European Union has established a very wide network of regional preferential agreements around the world. The European Union`s trade policy, initially centred on its neighbours and development partners, reached a strategic turning point in 2006 with the introduction of the Global Europe Strategy and negotiations on larger-scale “next generation” trade agreements (services, public procurement, non-tariff barriers). Most foreign trade is with other developed countries and about four-fifths of transactions are with Organisation for Economic Co-operation and Development (OECD) countries. Among these, the EU plays an important role, reflecting the increase in trade in goods and services between its Member States.

More than three-fifths of French exports and imports come from or from EU countries, of which Germany is slightly the largest. Outside the EU, the United States is France`s other major trading partner, although Russia and China have claimed a growing share of French trade in the 21st century. EU countries are an important source of industrial imports, while products and raw materials generally come from more distant sources. On the other hand, agricultural and food exports are mainly geared towards European markets, while industrial products are exported to a more global market. The government therefore supports a balanced trade policy that guarantees access to foreign markets for French companies, while preserving collective sensitivities and preferences. In order to ensure the conditions for fair competition and reciprocity in the opening of markets, France is also cooperating with the Council to strengthen its trade defence and protect its strategic sectors by increasing its anti-dumping duties and improving its supervision of foreign investment. France, the world`s largest trading nation, has become one of the world`s largest exporters, with the value of exports accounting for more than one-fifth of GDP. France is also a major importer, including machinery, chemicals and chemicals, tropical agricultural products and traditional industrial products such as clothing and textiles.

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