“The French can win back 90 billion in their foreign trade”

by time news

2024-02-18 06:00:13

Franck Riester, Minister for Foreign Trade. Eric TSCHAEN/REA

CHRONICLE – Faced with the structural imbalance of its trade balance which is worsening, France can no longer afford to rely solely on the luxury and arms sectors.

This article comes from “Figaro Magazine”

Relief when the list of delegated ministers of Gabriel Attal’s government was announced: there is always one for Foreign Trade! Because if there is a subject that deserves all our attention, it is this one. In 2022, our trade deficit reached a peak: 162.7 billion euros (because of oil)! In 2023, we returned to 99.6 billion, according to the most recent customs figures, but that does not allow us to pay compliments.

Franck Riester therefore takes over from Olivier Becht who barely had time to make himself known. He, on the other hand, is not a novice, moving from the Ministry of Culture to that of Foreign Trade (the year of record deficits), then to Relations with the Parliament before returning to Foreign Trade, which also includes the Francophonie… He will therefore organize a summit of heads of state on October 4 and 5 at the Château de Villers-Cotterêts, an international city…

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