2023-08-30 20:00:27
About Louise Darbon
Posted yesterday at 8:00 p.m., Updated yesterday at 8:00 p.m.
At 164 billion euros, the trade deficit is equivalent to 4% of our national wealth. Either the worst the country has known since 1948, but also the highest in the euro zone. 593208990/Real Fantasy Art – stock.adobe.com
DECRYPTION – Despite the reduction in corporate tax, companies are still hampered by excessive taxation and labor costs.
Can do better. If it has certainly regained a bit of the hair of the beast since the health crisis, France is following a sluggish trend in terms of competitiveness. A situation that worries the government enough to tackle it by launching a new export plan this week, unveiled by the Minister of Foreign Trade, Olivier Becht, in Figaro this Thursday.
Since the 2000s, “France is structurally losing market share compared to its European neighbours”, says Olivier Redoules, Director of Studies at the Rexecode Institute. “When, in the early 2000s, France recorded 17% of the export market share of the euro zone, it fell to 12%“, he specifies.
Read alsoForeign trade: when competitiveness comes down to prices…
In addition, France will record a record trade deficit in 2022. At 164 billion euros, it is equivalent to 4% of our national wealth. Either the worst that the country has known since 1948, but also the highest in the euro zone, knowing that Germany records a surplus of 82 billion…
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#slow #improvement #French #competitiveness