The size of France’s trade deficit, which goes from record to record, reflecting the country’s deindustrialization and lack of competitiveness, should not make us forget some of the results of French SMEs and ETIs at the international level. This is the main message that Team France Export wants to convey in its 2021 annual report. It is true, therefore, that the merchandise trade balance slipped into the red by 85 billion last year and is likely to approach 150 billion this year, but a few encouraging points have been made by the Ministry of Foreign Trade and Team France Export (a network of chambers of commerce, mainly Bpifrance and Business France).
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First, 2021 still ended with a recovery in French exports, after 2020 was marked by a sharp slowdown in global trade in the context of the health crisis. They reached 501 billion euros (increased by 17 percent in one year). France’s exports remain…
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Source: Le Figaro
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.