For many reasons, France is an up and coming player in small business trade. It currently sits behind Germany and the UK when it comes to US trade, but that could be changing with the UK leaving the European Union. There are several French cities that are primed for investment from US small businesses looking to make the jump to Europe.
With the election of President Emmanuel Macron, the country looks to boost its global economic ranking. The President is working to privatize many of the country’s major public sectors, including prominent airports and waterways. The plan promises to further enhance the French economy, and attract international trade. US businesses have an opportunity to enter this market, and challenge the EU competition.
The US and EU are negotiating an agreement that would ease the flow of trade, reduce tariffs, and slash duties. T-TIP, the Transatlantic Trade and Investment Partnership, though Union-wide, is projected to push trade between the US and France even further. France’s placement along a prominent Atlantic trade route makes it prime territory for the prospective small business looking to invest in Europe.