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Business France’s 2015 Job-creating foreign investment in France Report

Business France’s 2015 Job-creating foreign investment in France Report

Dear members of the Policy Committee, Business France’s 2015 Job-creating foreign investment in France Report is now out (with an English Version already available here ). It was released in the context of the Strategic Council for France’s attractiveness (CSA) that took place on Tuesday 22 March. 1-About the CSA 26 foreign companies (US companies: A. SCHULMAN, AGCO, ALCOA INC., AMAZON, FEDEX CORPORATION, INTEL CORPORATION, MARS INCORPORATED - Full list here ) attended the 4th meeting of the CSA (since its creation in 2014). Companies met with French President François Hollande, Prime Minister Manuel Valls, Secretary of State for Foreign Trade Matthias Fekl and Minister of Foreign Affairs and International Development Jean-Marc Ayrault. The meeting focused on the logistic industry with 7 companies representing this field of activity. 2-About the report Here are some key findings on the state of foreign investment in France, with a focus on the US implication. Globally: France attracted 962 investment projects in 2015 which has enabled the creation/preservation of a total of 33 682 jobs being up to 27% compared to 2014. For 10 years, France has been the first European economy attracting FDI in the manufacturing industry. More important, the report shows that France’s attractiveness relies on its export assets as 32 % of French export comes from foreign branches. Focus on the US: (see page 169 -171 for investments). The number of American investment decisions in France slightly decreased in 2015 reaching 176 but were more impactful in terms of job creations. Hence, the US remains the first job-creating investor in France (460,000 jobs). The US still represent 32 % of the total share of job-creating FDI in France. The American companies particularly stood out through their implication in the field of R&D, covering one fourth (24%) of the foreign investments in this area. Data (flows) 2014 2015 Number of projects 186 176 Number of jobs 5,384 10,783 Data (stock) 2014 2015 Number of companies +4,600 + 4,800 Number of employees + 440,000 + 460,000 FDI stocks €97.8Bn €114,3Bn ( 1st place) Number of companies in Forbes 2000 563 576 AmCham member companies quoted in the Top 5 of American employers in France are: General Electric, Walt Disney and United Technologies. NB: Business France’s Annual Report analyses foreign investment decisions in France during the previous year, and highlights France’s competitive business environment, global outlook and nationwide attractiveness as an investment location. Published for more than a decade by the Invest in France Agency, this is the second year in which the report has been produced by Business France, following the merger between UBIFRANCE and the IFA in January 2015. 3-To go further: - An interactive website for users to visualize the key data from this and previous years’ Annual Reports through a number of different filters (e.g. source country for investment). Fallout in the business press (articles in French only. We could not find English press coverage of the report): - La Tribune: What does the French economy owe to foreign investors? http://www.latribune.fr/economie/france/que-doit-l-economie-francaise-aux-investisseurs-etrangers-558490.html - L’Express L’Entreprise : Job creating foreign investment in France up in 2015 http://lentreprise.lexpress.fr/actualites/1/actualites/france-les-emplois-lies-aux-investissements-etrangers-en-hausse-en-2015-rapport_1775517.html - Capital : The balance sheet of foreign investments in France is rising http://www.capital.fr/a-la-une/actualites/le-bilan-emploi-de-l-investissement-etranger-en-france-en-hausse-1110978