Export Opportunities for U.S. Businesses
KEY TRADE INDICATORS
Largest Source of
Investment is U.S.
U.S. is the 5th
ECONOMIC AND BUSINESS ENVIRONMENT
The U.S./French economic and political alliance is one of the United States’ oldest and closest bilateral relationships. Trade and investment between the two countries is substantial and vibrant. France is an economically developed nation with a large, diverse and sophisticated consumer base. It has a strong manufacturing sector that seeks out quality components from foreign suppliers. Its relatively affluent populace is a leading consumer of services, particularly in the educational and travel sectors. It should be noted that while in some aspects the French market can be similar to the United States; French consumers have their own unique taste and customs. Thus, knowledge of French consumer preferences is essential to success for U.S. exporters in this market.
TOP INDUSTRY EXPORT OPPORTUNITIES
Computer Services and Software
With an estimated market of $68 billion in sales, France is the third largest market for Software & Services in Europe, after Germany and the United Kingdom. Sub-Sector Best Prospects are Big Data, Cloud Computing (i.e. Saas solutions), Mobility, Outsourcing / BPO, Social business, “Apps” software applications in smart phones. The continuous development of high-speed Internet access and wireless connections will maintain demand for systems integration, especially in the field of E-commerce, which is benefitting from its lower prices and increased accessibility through smart-phones.
Computers & Peripherals
Estimated at $160 billion, the French market for information and communication technologies includes computer hardware/software, telecommunications and electronic components. The computer & peripherals market is driven by the sale of consumer electronics including smart phones, 4G, and tablets. Best Prospects/Services, Smartphones, Tablet PC’s, Wireless solutions, I-mode related products, Connected objects, 3D Printers and Hybrid solutions.
Total market demand in France for medical equipment was estimated at $6.6 billion in 2013, with imports accounting for $3.6 billion. Imports from the United States were forecast at 33 percent of total imports. This percentage is expected to remain steady over the next three years, with overall demand growing at three percent annually. The best sales prospects for medical equipment include newly developed areas such as non-invasive surgery, orthopedics, and disposable medical equipment. Healthcare professionals are highly optimistic about new technologies such as telemedicine, which is expected to have a major impact on medical care institutions.
TRADE REGULATIONS & CUSTOMS INFORMATION
The Integrated Tariff of the Community, referred to as TARIC (Tarif Intégré de la Communauté), is designed to show the various rules which apply to specific products being imported into the customs territory of the EU. The TARIC can be searched by country of origin, Harmonized System (HS) Code, and product description on the interactive website of the Directorate-General for Taxation and the Customs Union.
The official model for written declarations to customs is the Single Administrative Document (SAD). Goods brought into the EU customs territory are, from the time of their entry, subject to customs supervision until customs formalities are completed. Goods are covered by a Summary Declaration which is filed once the items have been presented to customs officials.
Most customs duties and value added tax (VAT) are expressed as a percentage of the value of goods being declared for importation. Thus, it is necessary to dispose of a standard set of rules for establishing the goods' value, which will then serve for calculating the customs duty.
U.S. Export Controls
The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) is responsible for implementing and enforcing the Export Administration Regulations (EAR), which regulate the export and re-export of some commercial items, including“ production” and “development” technology.
Download France's Country Commercial Guide for more Customs and Trade Regulation Information
IMPORTANT COUNTRY GOVERNMENT ENTITIES
LOCAL U.S. SUPPORT CONTACT
Download the complete Country Commercial Guide
Source: U.S. Commercial Service