Trading in France
Trading in FranceUpdated on Monday 18th April 2016
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France is one of Europe’s top traders and the second most important importer and exporter in the EU. France has one of the largest economies in the world and a significant number of French companies have acquired international recognition. Paris, the capital city of France, is the country’s largest urban economy and many companies choose to set up their main headquarters in the renowned city.
Due to its influential position in the European Union, France is an ideal location for investors who want to open companies in the trade sector. Our French lawyers can give you specialized legal advice for company incorporation and company management in France.
Products exported by France
France is known for its exports of luxury goods and agricultural products. France’s main exports are:
- air crafts;
- industrial machinery;
- iron and steel.
Apart from these top five exported products, France also exports: electronics, motor vehicles, refined petroleum and pharmaceuticals.
France’s main export partners are: Germany, Italy, Spain, Belgium, the United Kingdom, the United States of America, the Netherlands and China. Exports in France have increased in May 2014 compared to April 2014, as reported by the French Ministry of Economy and Finance.
Products imported by France
The main products imported by France are:
- metal products;
- industrial and agricultural machinery.
Cars, food, clothing and crude petroleum are also imported by France. France’s main import partners are: Germany, China, Belgium, Italy, Spain, the United Kingdom and the United States of America.
As a member of the European Union, France is also a member of the European Economic Area which ensures the free movement of goods between European countries.
France is a member of the World Trade Organization and also a member of the Organisation for Economic Co-operation and Development and it takes part in numerous other international conventions and protocols among different countries worldwide.
Goods originating from France can circulate freely and are exempt from customs formalities. Our French lawyers can offer you complete and detailed information about the documents which must accompany goods delivered inside the EU.
Contact our French law firm for more information about the French economy and different opportunities if you want to invest in France.