APPENDIX A - COUNTRY DATA 1. PROFILE POPULATION: 57.5 million RELIGION: 90% Roman Catholics, 5% Muslim, 2% Protestants, 1% Jewish, 2% unaffiliated GOVERNMENT: Republic Head of State: Francois Mitterrand Head of Gov't: Edouard Balladur, Prime Minister LANGUAGE: French WORK WEEK: 39 hours CONTACTS: Foreign Commercial Service Senior Commercial Officer: Peter G. Frederick TEL: (33-1) 42 96 12 02; FAX: (33-1) 42 66 48 27 Commercial Counselor: Edward Ruse TEL: (33-1) 42 96 12 02; FAX: (33-1) 42 66 48 27 Country Desk Officer: Elena Mikalis TEL: (202) 482-6008; FAX: (202) 482-2897 US&FCS Regional Director/Europe: George Knowles TEL: (202) 482-1599; FAX: (202) 482-3159 U.S. Department of Agriculture - Foreign Agricultural Service Minister Counselor for Agricultural Affairs: George Pope TEL: (33-1) 42 96 12 02, FAX (33-1) 42 66 61 06 APPENDIX A - COUNTRY DATA 2. DOMESTIC ECONOMY (USD millions, except as noted) 1992 1993 1994 1995 (f) (f) GDP (current USD, billions) 1322 1253 1282 1350 GDP real growth rate (percent) 1.2 -1.0 1.8 2.9 GDP per capita (USD) 22,981 21,683 22,138 23,195 Government spending as a percentage of GDP (1) 52.1 54.9 55.3 54.5 Inflation - CPI (percent) (2) 1.9 2.1 1.7 1.4 Unemployment rate (percent) 10.9 12.4 12.3 12.3 Foreign Exchange Reserves (Current USD billions) 56 51 n.a. n.a. Average Exchange Rate (4) 5.3 5.7 5.8 5.7 (Francs per USD) APPENDIX A - COUNTRY DATA 3. TRADE Merchandise Trade (USD billions, except as noted) 1992 1993 1994 1995 (f) (f) Total Exports (F.O.B.) 235.9 210.2 219.1 238.9 Total Imports (C.I.F.) excl. military equipment 230.0 194.4 196.6 213.4 Exports to U.S. (F.O.B.) 15.1 14.7 n.a. n.a. Imports from U.S. (C.I.F.) 20.1 17.6 n.a. n.a. excl. military equipment U.S. share of imports (percent) 8.7 9.1 n.a. n.a. Imports of manufactured goods from all countries (C.I.F.) 192.7 169.8 171.7 181.2 Imports of manufactured goods from the U.S. 18.3 16.3 n.a. n.a. U.S. share of manufactured imports (percent) 9.5 9.6 n.a. n.a. Manufactured trade balance -5.0 -2.8 n.a. n.a. with the U.S. Average real growth rate imports of manufactured products from world (percent) 0.9 -5.2 3.5 6.1 Average real growth rate imports of manufactured products from the U.S. (percent) -4.0 -1.3 n.a. n.a. Trade balances with three leading partners (cif/fob) Germany -3.9 0.4 n.a. n.a. Italy -0.0 -0.1 n.a. n.a. Belgium 0.8 -0.0 n.a. n.a. Top U.S. merchandise exports to France (USD billions) accounts for 69.2 percent of French imports from the U.S.: 1. Nuclear reactors, boilers, mechanical machines and parts 6.2 2. Electrical machines, audio-visual equipment and parts 2.3 3. Optical equipment, control/precision instruments 1.7 4. Aerospace equipment 1.3 5. Chemicals 0.7 Top U.S. merchandise imports from France in 1993 (USD billions) accounts for 57.8 percent of French exports to the U.S.: 1. Nuclear reactors, boilers, mechanical machines and parts 3.8 2. Aerospace equipment 2.1 3. Electrical machines, audio-visual equipment and parts 1.0 4. Automobiles, bicycles, tractors and parts 0.8 5. Non-alcoholic drinks, alcohols, and vinegar 0.8 n.a. = non available (1) OECD data (2) Projections for 1994 and 1995 for consumption deflator (3) Projection in 1994 and 1995 based on assumption of no change after June 7, 1994 Sources: 1992-93: Official French Government Data; 1994-95: most recent OECD forecasts. MAJOR AMERICAN EXPORTS TO FRANCE - 1993 INDUSTRY AND AGRICULTURE COMBINED Rank / HS Description 1/ 714 - Engines, motors, non electric parts 2/ 792 - Aircraft and associated equipment, spacecraft, etc. 3/ 752 - Automatic data processing machines, units and parts 4/ 874 - Measuring, checking, analyzing and controlling equipment 5/ 759 - Parts for office and automatic data processing machines 6/ 776 - Thermionic, cold cathode, photocathode valves, etc. 7/ 971 - Gold (excluding ores and concentrates) 8/ 541 - Medicinal products (except medication) 9/ 872 - Medical and dental instruments 10/ 764 - Telecommunications equipment MAJOR AMERICAN IMPORTS FROM FRANCE- 1993 Rank HS Description 1/ 792 - Aircraft and associated equipment, spacecraft, etc. 2/ 714 - Engines, motors, non electric parts 3/ 112 - Alcoholic beverages 4/ 784 - Parts and accessories for motor vehicles 5/ 553 - Perfumery, cosmetics and toiletries 6/ 896 - Works of art, collectors pieces, antiques 7/ 776 - Thermionic, cold cathode, photocathode valves, etc. 8/ 874 - Measuring, checking, analyzing and controlling equipment 9/ 723 - Civil engineering and contractor's plant and equipment 10/ 665 - Glassware * HS refers to the Harmonized System by which goods are classified for the purpose of international trade FRENCH IMPORTS OF FOOD AND AGRICULTURAL PRODUCTS AND US MARKET SHARE VALUE CY 1993 (In FF millions) Total From U.S %U.S High Value Products: - Meat & offals 18,968 343 1.8 - Dairy & eggs 9,443 11 0.1 - Coffee, tea, & spices 3,757 3 0.1 - Manufactured tobacco 6,682 1 -- - Prepared meat 1,475 -- -- - Fish and seafood, fresh or frozen 11,063 634 5.7 - Prepared fish and seafood 3,090 17 0.5 - Processed grains 870 11 1.3 - Sugar & confectionery 3,413 21 0.6 - Cocoa & chocolate 4,860 69 1.4 - Prepared grain products 6,579 31 0.5 - Fresh & dry vegetables 7,286 136 1.9 - Fresh & dried fruits 12,626 594 4.7 - Processed fruits & veg. 1/ 7,308 353 4.8 - Misc. food preparations 3,709 341 9.2 - Beverages (except spirits) 3,757 29 0.8 - Spirits 3,001 17 0.6 Subtotal High Value Products FF 107,887 2,611 2.4 USD (millions) 19,061 461 subtotal Bulk Products (*) FF 38,478 2,888 7.5 USD (millions) 6,798 510 TOTAL HIGH VALUE + BULK PRODUCTS FF 146,365 5,499 3.8 USD (millions) 25,859 971 (*) Includes live animals & animal products, nursery products, grains, oilseeds and seeds, plants for weaving, vegetable extracts, oils and greases, protein meals and other feeds, wood, unmanufactured tobacco and raw products (i.e., cotton, silk, wool & other animal hair, raw hides and skins) -- Means nil or insignificant 1/ Including fruit juices Source: French Customs 4. INVESTMENT STATISTICS FOREIGN DIRECT INVESTMENT IN FRANCE (FF billions) POSITION - BY COUNTRY OF ORIGIN 1989 1990 1991 1991 OECD 331.6 423.0 484.0 EU 201.3 258.1 283.5 of which Netherlands 62.2 83.3 102.8 United Kingdom 55.0 69.4 61.0 Germany 37.8 41.3 52.2 Belgium/Luxembourg 23.7 29.5 30.6 Italy 18.5 26.8 28.6 Spain 2.4 4.0 4.4 Denmark 1.0 2.2 2.2 Other 0.7 1.6 1.7 NORTH AMERICA 77.9 94.1 101.4 USA 74.6 90.6 96.0 Canada 3.3 3.5 4.8 Other 0.0 0.0 0.6 Other OECD countries 52.3 70.8 99.1 Switzerland 29.5 36.1 50.4 Sweden 6.8 9.3 23.5 Japan 8.8 13.6 16.1 Finland 1.5 3.2 4.4 Other 5.6 8.6 4.7 NON-OECD COUNTRIES 18.7 20.8 20.3 TOTAL 350.3 443.8 504.3 TOTAL AS PERCENTAGE OF GDP 5.7 6.8 7.5 FOREIGN DIRECT INVESTMENT IN FRANCE (FF billions) POSITION - BY SECTOR 1989 1990 1991 Companies (diversified) 58.3 78.6 99.4 Wholesale/Retail Trade 43.5 53.0 50.6 Banking 57.4 68.8 49.3 Chemicals 32.5 40.4 45.0 Energy 22.2 26.9 26.2 Transportation 15.6 n.a. 22.5 Processed Food 16.2 18.0 22.1 Precision equipment 15.0 17.1 18.9 Paper,press, editing 10.0 16.3 17.9 equipment Office machines, 11.9 20.5 16.8 Electrical and electronical Other 67.7 104.1 135.6 TOTAL 350.3 443.7 504.3 FOREIGN DIRECT INVESTMENT (FF billions) FLOWS -- BY COUNTRY OF ORIGIN 1990 1991 1992 OECD 29.5 41.9 62.5 EU 16.6 21.5 43.5 of which Italy 3.8 3.2 14.1 Belgium/Luxembourg 1.3 3.0 10.8 Netherlands 2.9 4.1 9.3 Germany 5.3 9.3 5.9 United Kingdom 2.5 1.4 2.2 Spain 0.4 0.2 0.7 Denmark 0.2 0.1 0.4 Other EU 0.1 0.2 0.1 NORTH AMERICA 2.8 3.1 12.5 USA 2.7 2.7 11.8 Canada 0.1 0.5 0.7 Other OECD countries 10.1 17.2 6.6 Switzerland 0.9 0.3 2.8 Japan 2.6 1.8 1.7 Finland 1.9 0.9 1.0 Other 2.7 1.1 0.9 Sweden 1.9 13.1 0.2 NON-OECD COUNTRIES 0.7 0.5 0.4 TOTAL 30.2 42.3 62.9 FRENCH DIRECT INVESTMENT ABROAD (FF billions) POSITION - BY COUNTRY OF DESTINATION 1989 1990 1991 OECD 399.4 518.4 624.9 EU 235.5 333.1 420.5 of which Netherlands 73.0 97.1 124.2 United Kingdom 35.2 64.7 79.5 Spain 32.9 44.6 65.2 Belgium/Luxembourg 46.0 52.5 64.0 Italy 21.6 34.7 35.0 Germany 20.6 26.0 32.2 Other 6.2 13.5 20.4 NORTH AMERICA 124.9 134.9 146.1 USA 107.2 119.4 130.9 Canada 17.7 15.5 15.2 Other OECD countries 39.0 50.4 58.3 Switzerland 31.4 39.3 38.2 Other 7.6 11.1 20.1 NON-OECD COUNTRIES 37.1 46.4 48.0 Latin America 15.5 14.9 19.6 CFA zone 6.6 8.4 10.0 Eastern countries -0.3 0.1 1.2 Other 15.3 23.0 17.2 TOTAL 436.5 564.8 672.9 TOTAL AS PERCENTAGE OF GDP 7.1 8.7 9.0 FRENCH DIRECT INVESTMENT ABROAD (FF billions) POSITION -- BY SECTOR 1989 1990 1991 Banking 98.3 109.9 117.7 Equipment 35.5 39.0 64.2 Chemicals 52.4 57.4 62.9 Energy 41.6 59.4 61.7 Insurance 33.2 43.4 55.1 Repairs,trade 21.5 31.5 41.6 Other retail services 30.8 40.6 Transportation 21.6 25.1 34.2 Processed food 23.6 27.9 33.3 Metal 23.8 29.8 Electrical and electronical Other (1) 108.7 116.7 131.8 TOTAL 436.4 564.8 672.9 (1) Other includes Metals in 1989 FRENCH DIRECT INVESTMENT ABROAD (FF billions) FLOWS -- BY COUNTRY OF DESTINATION 1990 1991 1992 OECD 109.3 91.4 77.0 EU 79.9 51.4 67.7 of which Netherlands 18.7 7.9 17.9 Belgium/Luxembourg 9.7 8.7 17.5 Spain 11.5 9.6 11.1 Italy 8.5 7.0 9.8 United Kingdom 20.2 8.2 5.5 Germany 9.5 6.8 4.3 Denmark 0.0 0.1 0.1 Other 1.8 3.2 1.4 NORTH AMERICA 22.2 24.8 3.9 USA 21.1 22.0 3.6 Canada 1.044 2.8 0.3 Other OECD countries 7.3 15.2 5.4 Switzerland 4.4 1.6 1.7 Sweden 1.9 11.9 1.4 Japan 0.2 0.2 0.6 Other 0.8 1.6 1.8 NON-OECD COUNTRIES 2.7 2.2 3.6 TOTAL 112.1 93.6 80.6 Sources: Official French Government Data