French bashing? What french bashing? If the Anglo-Saxon press sometimes unleashed on the flaws of the French economy, the real world, that is to say foreign companies, do not hesitate to invest in France. According to the “Report on the internationalization of the French economy” created by Business France, which brings together since 1 January Ubifrance and the French Agency for International Investment (IFA), which accounts for foreign investment projects in France, 1014 projects were registered in 2014.
So are identified ex-nihilo start-ups, takeovers and mergers and acquisitions and projects that create more jobs. So far, the IFA did not take into account the mergers and acquisitions and projects creating less than 10 jobs. This new methodology is in place to be able to make international comparisons.
Messages from the Executive are still no effect
At constant scope, taking over the old method, 740 Investment decisions were observed in 2014. This number is up 8% from 2013. To explain this progression, France Business makes several assumptions: the advantages of France are intact – the latest TNS Sofres survey commissioned by Business France indicates that 72% of existing investors do not regret their choice – including its infrastructure and the quality of the workforce; France takes advantage of the global craze of foreign investment to the Old Continent. Can we infer that the declarations of love Hollande and Manuel Valls declaimed around the world for the company have no effect? Probably. These statements are new and it takes between 18 months and two years for a sign of interest materializes starts and job creation. Chaired by the President of the Republic, a new board of appeal will be held in June.
The Montebourg decrees have not had any negative effects
Until 2016 2017, the 2014 vintage is encouraging. Francois Hollande, the president of e Republic officially hailed the performance on Monday.
With such amount of foreign direct investment (FDI), France signed the second performance for ten years. Better still, it should retain the third place in Europe, behind the UK and Germany and the first in the industrial field. The conditional is required because the statistics of our neighbors will not be disclosed for several weeks.
The controversy arose following the merger between Alstom Energy and GE Capital division and published by Arnaud Montebourg, the former Minister of Economy of defensive orders to protect strategic sectors were they frightened investors.
“ When these decrees were published, it was a matter of discussion to foreign investors. But these decrees have prevented any investment. Furthermore, we must bear in mind that internationalized companies are accustomed to dealing with such issues. It must also be admitted that France was rather figure of UFO in this area, both the protection of strategic industries was poorly defined , “said Muriel Pénicaud, Executive Director of Business France also delegated ambassador for international investment.
France homeland of R & amp; D
Specifically, the 1014 investment decisions recorded in 2014 helped to create or maintain 26,535 jobs. A number compared with 29,631 a year earlier observed. Muriel Pénicaud explains this difference by the rise of investment in research and development that are less labor-intensive than industrial production projects even if they are largely in the majority. “We must nevertheless expect that the creation or redemption of such R & amp centers; D is followed by the launch of production lines in the coming years,” says Muriel Pénicaud recalling that a quarter of French researchers are employed by subsidiaries of foreign companies.
Specifically, 30% of investments in France, or 303 projects are production activities. They represent a stake of 11,601 jobs, or 44% of total employment. Foreign investment projects in R & amp functions; D, engineering and design account for 9% of total investment (92 projects against 77 last year). As for new investment decisions in the headquarters world or Europe, they rose sharply. Business in France lists 16 against 5 in 2013 and 12 in 2012. In total, the investment projects for creating or maintaining an average of 26 jobs
Another positive point, the number of countries that have made the choice of France increases. They were 47 in 2014 against 44 in 2013 and 39 in 2012. What are the countries that are located in France? European investments represent 61% of all investors, followed by North America 22% and Asia 12%. By nationality, the main investors are the US companies (19%), German companies (14%), the UK (9%), Italian (9%) and Japan (6%).
Weight foreign investment
What lessons can we draw from this battery of statistics? The principal is: the difference between the perception of the French economy – particularly in some Anglo-Saxon countries – and reality is huge. If France is often criticized by advocates of liberalism, it continues to attract its actors, companies, despite fierce competition.
Second point, the dynamism of the tricolor economy based in part on the IDE . As recalled France Business, subsidiaries controlled by foreign groups employ 12% of salaried workforce throughout the French economy, contribute about 19% to its revenue, provide 31% of French exports and 11% of capital expenditure. In the Centre and Picardy, 50% of exports are made by foreign companies. These contribute to the creation of employment for 47% in Alsace, 29% and 28% in Picardy in the Pas de Calais.
We understand better the inflammatory statements of Francois Hollande and Manuel Valls to investors around the world.
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