Exporting to France

France. French Republic

Opportunities for Spanish companies in France

Strengths

  • Both Spain and France belong to the European Union, which guarantees free trade and free circulation. It also has the same currency.
  • Forecast stable prospects, +0.9% in 2014.
  • Skilled labour.
  • GDP per inhabitant of €27,850 in 2013 in France.

Weaknesses

  • Weak growth in 2013 (+0.2%).
  • Drop in creation of companies in the last 12 months.
  • Need for structural reforms.
  • Expensive labour.
  • Foreign investments fell by 77% in 2013.

Investments

  • A 26.1% increase is forecast for investment during 2014 in the industrial sector and of 1.4% in the services sector (transport, engineering, consulting, etc.).
  • A great increase of investments in the production of foodstuffs is expected.
  • A growth forecast exists of 1% in business investments in 2014, similar to the forecast GDP growth.

Outlook

  • The Bank of France predicts economic growth of 1% for 2014, while the IMF has estimated growth of 0.9% for 2014 and of 1.5% for 2015.

Contact

France

127 Av. des Champs Elysées
75008 Paris

 

Contact details

Manager: José Ruix

Tel. (+33) 144 291 260

 

Contact

Form of government

Unitary constitutional republic

Official language

French

Currency

Euro

Religion

  • Christianity (57.2%)
  • Islam (5%)
  • Protestantism (2%)
  • Judaism (0.6%)

Population

66.6 million (December 2013)

Time difference

There is no time difference.

Banco Sabadell in France

BS Team in France.

Experience

Banco Sabadell opened its branch in France in 1987. Today it has a branch in Paris and an agency in Hendaye that offers wide-ranging bank services for companies.

Since the year 2009 and to date, Banco Sabadell in France has become a leader in support for the promotion and development of renewable energies in the country. Furthermore, Banco Sabadell finances over 100 MW of wind energy produced and sold in France.

Services

  • Opening of current accounts, cash and deposits management.
  • Support for Spanish companies that want to set up in France, or sell their products or services in the French market.
  • Foreign trade operations.
  • Financing of investment and of working capital through different financial products.
  • Structured financing (acquisitions, infrastructures, renewable energy projects).
  • Issue of bonds.
  • Consultancy on mergers and acquisitions, disposals, etc.