Country Report France

Prepared by : Sushant Sachdeva 12810081 Swarup S Salins 12810082 Vaibhav Shrivastava 12810083 Varun Goel 12810084

Table of contents
1. Introduction 2. Timeline: France 2.1 History 2.2 Present 2.3 Future 3. PESTEL Analysis 3.1 Political 3.2 Economic 3.3 Social 3.4 Technological 3.5 Environmental 3.6 Legal 4. Summary 5. Conclusion 6. Bibliography

Introduction
Facts :

Area : 640,000 Sq. Km. Capital : Paris

Neighboring Countries : U.K., Belgium, Luxemburg, Germany, Switzerland, Italy, Spain. Population : 65 Million Official Language : French Currency : Euro

Timeline France History

Modern History is market by Renaissance rebirth , a period which also marks the development of new techniques in the field of art, science and literature. Year 1804, one of the greatest military strategist of modern history Napoleon Bonaparte started his rule. Colonial era of France began in year 1534 and ended in 1980 when Independent nation of Vanuatu was created.

Timeline France Present

France is a secular country and almost 40% of its population is ethnically not French. Avg. life expectancy is 78 for males and 85 for females. France derives 79% of its energy requirements from nuclear power. Most popular tourist destination iin the world with about 78 million tourists visits annually.

Timeline France Future

ITER International Thermonuclear Experimental Reactor is a research project aimed at harnessing energy from Fusion reactions. Expected growth rate of economy is 1% in the coming years. Expected to play a major role in Africa and middle east especially after Arab spring. France is expected to bid for hosting 2024 summer Olympics in Paris.

PESTEL Analysis Political

Multi party Distributive political risk Liberal Democracy

PESTEL Analysis Economic

Europes 2nd largest G.D.P. Currency : French Franc, Euro Growth 0.8% Public deficit 3.7% GDP Moodys rating :Aa1

PESTEL Analysis Legal

Civil law Independent Transparent Minimum wage Tax

PESTEL Analysis Social

Freedom of religion constitutional right Literacy rate of the country is close to 99%. Secular educational policy has been a burning issue Healthcare system of France is topnotch. But obesity is seen as one of the major health issues in recent years

PESTEL Analysis Current Social Issues

Racism has been an enduring social problem in France. Most contemporary racism is anti-immigrant and antiSemitism Unemployment - Unemployment figures have reached its all time high in 15 years at 3.19 million in February 2013 Planning to create 150,000 state-sponsorship jobs for young skilled people from rural areas. Plan to introduce a competitive pact by modifying labor laws which could create 400,000 jobs in the industry

PESTEL Analysis Technology

Nuclear energy is quite popular in the France 56 nuclear reactors installed which not only satisfy the power needs of the country but also enable them to export electricity to other European nations Developed the first commercial vitrification plant which disposes off the radioactive wastes Was the third country to achieve success in space technology , now actively working alongside the European Space Agency for the welfare of the people. 3% of GDP has been invested in R&D program

PESTEL Analysis Environmental

Environmentally conscious country Ranked 17th by carbon dioxide emissions Was set to impose a carbon tax in the year 2009 but introducing it was seemed as unpopular political move Facing a water and air pollution issue => Acid rain which is damaging forest region of France 9 national parks and 46 regional natural parks in France

Summery: Doing Business in France?

Setting up business in France successfully French employment law An environment conducive to international mobility Business taxes in France Government support for business

Summery: Doing Business in France

I. Multiple business solutions II. Setting up a business rapidly III. Legal structures tailored to different needs IV. Acquiring companies and equity interests V. Corporate real estate to meet various needs VI. Simplified rules for regulated facilities (ICPEs)

I. Employment relations within a company II. Profit-sharing and employee savings plans III. Organizing working hours: agreement negotiated within the company IV. Extensive high-quality social security cover

I. Admission and residence conditions for foreign nationals in France II. Paid employment in France III. Health cover and social security benefits for employees in France

I. Corporate tax in line with EU standards II. Ways to repatriate earnings III. Value added tax and customs duty IV. Local taxes paid by companies V. A wide range of tax incentives for investors VI. Special tax system for certain headquarters

I. Receiving support for investment and job creation II. Funding for training and recruitment III. Receiving support for innovation, research and development IV. Support for environmental investments being developed

IV. Tax regulations for employees in France

Conclusion
With a strong hold on the international scenario on the various political, strategic, trade, economic, and other platform; France is the one of the country where one can bet their money on. This all is of course keeping in mind the current Euro crises. And being optimistic about the Euro crises and the European Unions current problems.

merci

Bibliography
Banque de France's Annual Report Tasks and activities of the Banque de France in 2011 INSEE Website European commissions Alert Mechanism Report February 14, 2012 The Economist website