The articles of the site
The articles of the site
Our European partners: France’s trade remains very European, even home-grown! Thus, it carries out almost half of the trade flows with European countries, which are mainly bordering. In the third quarter of 2017, the dynamism of exports to the European Union was confirmed (+2.2%, after +1.8%), particularly to Germany, Italy and the new Member States. RESIMARMO® achieves similar results in percentage terms. The « Brexit » was not without consequences for the group. The Italian management has decided to freeze the new sites in the United Kingdom until the English economic conditions for trade are better defined.
The top 10 partners, which represent two-thirds of our trade, remain mainly European and developed but now include two major emerging countries, China and Russia.
This is due to a number of factors. One of them is the empirically observed link in international trade between trade intensity on the one hand and geographical proximity and size of economies on the other hand (so-called « gravity » phenomenon).
In addition, for the EU and members of the European Free Trade Agreement (EFTA) such as Switzerland, there is the existence of a « customs union » and, in the case of the euro area, a monetary union, which is likely to promote the development of trade.
Franco-German trade largely distances itself from the other 9 bilateral flows, with almost 17% of our exports, which is more than double the weight of the countries following Germany in the ranking.
Trade with Belgium and Italy remains important, between 7% and 8% – almost 4 times higher than that of the 10th partner. But for Belgium it is export, while for Italy it is import. Indeed, the great majority of our products are made in Italy.
China, Spain, the United States and the United Kingdom have a relatively close weight, between 5.5% and 6.5%.
The European Union as a whole remains our main trading partner, representing nearly 75% of our exports.
Let us summarise this from a macroeconomic point of view, in Europe the fall in the costs of our businesses and the increase in productivity have positive effects in terms of household and business incomes on the one hand and in terms of selling prices on the other. There is therefore an increase in both internal and external demand due to greater price competitiveness vis-à-vis the rest of the world. Consequently, the response to this rising demand is an increase in production: there is therefore economic growth that favours the improvement of the well-being of the population (increase in income, employment, etc.).
Secondly, the European Commission has always maintained that the organisation of « free competition » and « undistorted » is an exclusively European prerogative and that states cannot set their own competition rules. Three sets of arguments justify this.
All these measures and agreements between trading partners in Europe aim to balance the Eurozone and allow a strong growth of companies such as RESIMARMO® and other firms, small and medium-sized enterprises, SMEs, Medium-sized and large European companies.