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March 02, 2007
Anglo-Saxon Liberalism Drives French Economy

What large practitioner of Anglo-Saxon free-market liberalism is the biggest foreign investor in France? And just who is the biggest foreign generator of jobs for Frenchies?

U.S. INVESTMENTS IN FRANCE
INCREASE FOR FOURTH STRAIGHT YEAR

PARIS February 28, 2007 (AFII) - In 2006, the U.S. maintained its leading position with the largest single-country share of foreign direct investment in France, accounting for 23.8% of the 39,998 jobs created in [job poor] France – an overall increase of 32.7% over 2005. Germany ranked 2nd with a 16.4% share, followed by the U.K. with a 10.6% share. This marked the fourth straight year that U.S. investments in France continued to rise.

The 2006 results were presented in Paris today by Christine Lagarde, France’s Minister for Foreign Trade, accompanied by Philippe Favre, Chairman and CEO of the Invest in France Agency (IFA):

The excellent results for 2006 demonstrate the improvement in France’s business environment over the past several years. These are the best results since the annual Review was launched in 1993.

... The U.S. and France have a close and longstanding business partnership. The U.S. is the leading foreign investor in France, with corporate investments valued at $171 billion supporting almost 550,000 French jobs, while France is the second-largest investor in the U.S., with corporate investments valued at $43.9 billion supporting almost 600,000 American jobs.

Approximately $1 billion in commercial transactions take place between France and the U.S. every business day.

Say this for France, she doesn't let self-interest (and here) damp her indulgence in affected anti-Americanism.

PFFT (What is this?): Defaming America all the way to the bank 4¾ | Rayonnement français 0

posted by Damian at 07:45 AM
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