Wednesday, May 10, 2006

Franco-American Economic Ties.

This news is interesting and goes against common thinking - despite the turmoils in France in the last year (including riots, a 'no' vote to the European Constitution and major political crises), France continues to be very attractive to foreign investors:
With $51 billion in FDI (Foreign Direct Investments) in 2005, France remains among the top four destinations, behind Great Britain (which enjoyed an exceptional score due to a major merger in the energy sector), China and the United States.
Now guess who is the leading investor in France? The U.S. of course and more surprisingly France is the second-largest investor in the U.S.
The U.S. is the leading foreign investor in France, with corporate investments valued at $171 billion supporting almost 550,000 French jobs, while France is the second-largest investor in the U.S., with corporate investments valued at $43.9 billion supporting almost 600,000 American jobs.
In 2005, United States direct investment in France created or maintained 8,756 jobs, a one-year increase of 9.4%, while overall incoming foreign direct investment increased by 12.4% over 2004, with a record level of 664 projects creating or safeguarding 33,296 jobs, Clara Gaymard, president of the Invest in France Agency (IFA), the worldwide economic development arm of the French government, announced today. (Business Week)

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