Doing business in France

0
60

France is located in Western Europe; it is the second-largest country on the continent, with an area of 547,030 sqm km. France is the largest country, which stretched out from the North Sea to the Mediterranean. The landscape is diverse, with mountains in the east and south, including the Alpine peak of Mont Blanc which is Western Europe’s highest point. Lowland France consists of four river basins, the Seine in the north, the Loire and the Garonne flowing westwards and the Rhône, which flows from Lake Geneva to the Mediterranean Sea.
One of the most richly endowed countries in Europe is France. France having a favorable climatic condition, widespread areas of rich soil and long-established tradition of skilled agriculture have formed the perfect environment for a thriving farm economy.
The larger shares of economic activity being compared to many west European countries have greatly been made possible by Agriculture and agro-food industries. Huge deposits of iron ore, provisions of an integrated network of power plants, and essential domestic reserves of natural gas, good transport, and high standards of industrial workmanship have made the French industrial complex one of the most modern in Europe.
The French economy is spread across all sectors. France Telecom, Renault, and Thales have been partially or fully privatized by the government. On the other hand, the government continues a strong presence in some sectors, particularly power, public transport, and defense industries.
France has an efficient farm sector and also an advanced industrial economy. Main activities been carried out include information technology, automobile manufacture, aerospace, electronics, chemicals and pharmaceuticals and fashion
Paris is the heart of France commerce, both domestic and foreign. About 75percent of the country’s commercial establishments are in the capital, and in many fields Parisian control is complete. The main provincial cities act as regional trade centers. For trade with North Africa, the Mediterranean and the Middle East, the principal ports are Marseille, for trade with West Africa and much of South America is Bordeaux and Le Havre, for trade with North America and northern Europe. Dunkerque and Rouen are important industrial ports.
Leading products French sell to other countries in major categories, are capital goods (machinery, heavy electrical equipment, transport equipment, and aircraft), consumer goods (automobiles, textiles, and leather), and semi-finished products (mainly chemicals, iron, and steel). Main imports are fuels, machinery and equipment, chemicals and paper goods, and consumer goods.
In France investment regulations are simple and availability of a range of financial incentives for foreign investors. France located in central Europe, high skilled and productive labor force, with its free movement of people, adequate infrastructure, services capital and goods, and technology-oriented society attracts foreign investors. However, the investors face some challenges like extensive economic regulation and taxation, high social costs, and a complex labor environment.
France social welfare system is highly developed. The contributions from both employers and employees are used to finance the social security funds, which is been calculated on percentages of wages and salaries, and government partially subsidized it. When the insured reaches age 65, old age insurance guarantees payment of pension. Disability insurance pays a pension to compensate for the loss of earnings and costs of care. For all workers, unemployment insurance is provided.
Workers medical benefits are paid directly for all necessary care. Maternity benefits are payable for six weeks before and 10 weeks after the expected date of childbirth for the first and second child. There is a universal system of family allowances for all residents, including a birth grant, income supplements for reduced work, and child care benefits.
France has numerous tourist attractions, ranging from the museums and monuments of Paris to beaches on the Riviera and ski slopes in the Alps. Haute cuisine, hearty regional specialties, and an extraordinary array of fine wines attract gourmets the world over; the area between the Rhone River and the Pyrenees contains the largest single tract of vineyards in the world. In 1992, Euro Disneyland, 20 miles east of Paris, opened to great fanfare but was plagued by the European recession, a strong French franc, bad weather, and difficulty marketing itself to the French.
Travelers need a valid passport to enter France. A visa is not necessary for tourist/business stays of up to 90 days. With at least 79 million foreign tourists per year, France still remains the most visited country in the world and maintains the third largest income in the world from tourism.

SHARE
Next articleDoing business in Belgium

LEAVE A REPLY

Please enter your comment!
Please enter your name here