Collaborative network - France
With a GDP of approximately $2.6 trillion in 2020 (down 8.2% in 2020, +1.5% annual growth in 2019), France is the fifth largest economy in the world and the third largest economy in Europe after Germany and the United Kingdom. It has substantial agricultural resources substantial and maintains a strong industrial sector, despite a recent decline. The service sector services is extremely dynamic and now represents an increasing share of economic activity, accounting economic activity, accounting for most of the job creation in recent years. A France is a founder of the G-20, is host of the OECD, and is a member of the G-7, the European Union, and the World Trade Organization, confirming its status as a global economic leader.
France has an educated population, top-ranked universities, and a talented workforce. It has a modern business culture, sophisticated financial markets, strong intellectual property protections, and innovative business leaders. The country is known for its quality infrastructure, including high-speed passenger transportation, seaports, extensive road networks and efficient public transportation and intermodal connections.
In 2019, France was the ninth largest global market for foreign direct investment (FDI) inflows. In total, there are more than 28,000 foreign companies doing business in France. It hosts 29 of the world's 500 largest companies. In 2020, the World Economic Forum ranked France 9th in terms of readiness for the economic transformation of global competitiveness.
The approach to the French market requires a great knowledge of the regulations and national and European standards for selling products. The French often interpret existing EU regulations more strictly than other member states and regulate areas regulate areas where the EU has not yet proposed legislation.