With 65 million inhabitants, France is the second-largest consumer market in Europe after Germany and the fifth-largest economy in the world, with a GDP of US$2,751 billion in 2011 (Source:IMF).
The United States is the leading destination for French investments abroad, according to the Department of State. France is the 7th leading foreign investor in terms of totals in the U.S. (after the United Kingdom, Japan, the Netherlands, Germany, Switzerland and Canada): France’s share amounts to $198 billion or 7.8% of foreign direct investments (FDI) (2011, BEA, Foreign Direct Investment in the U.S.,Foreign Direct Investment Position in the United States on a Historical-Cost Basis).
In the opposite direction, the United States is the leading foreign direct investor in France at a level of $89.3 billion (CRS 2012). In 2011, U.S. companies implemented 149 projects resulting in 6,087 new jobs in France. This represents a 7% increase in the number of U.S. projects from last year, and 21% of all FDI projects in 2011. 1,361 American groups and 4,162 enterprises employ more than 450,000 French people. The American presence in the area of drugs and biotechnology is particularly strong: 44% of investments made by foreign companies in this sector are by U.S. companies (AFII).
How to set up in France? Why choose France? Find out why you should invest in France and how to get help launching your project.
UBIFRANCE, the French Trade Commission, assists French companies searching for potential partners in the United States. Specifically, they organize business meetings and guided visits with suitable prospects, inform French entrepreneurs of the conditions to access the U.S. market, and advise them on how to develop their business locally.