France and Vietnam already have close commercial relations. The EU-Vietnam trade agreement will give it a big boost. Most foreign trade is based on trade in goods. With regard to agricultural raw materials, France has become an increasingly important net exporter of agricultural raw materials (such as cereals) and agri-industrial products such as food and beverages, including wines, canned fruit and vegetables and dairy products. However, the need to import large quantities of oil (and to a lesser extent gas and coal) has resulted in a significant deficit for these exchanges. Although France imports a lot of industrial goods, it has long been a major exporter of vehicles and means of transport, armaments and professional electronics. Exports of medicines and parachimic products have recently increased. France, the world`s largest trading nation, has become one of the world`s largest exporters, with the value of exports accounting for more than one-fifth of GDP. France is also a major importer, including machinery, chemicals and chemicals, tropical agricultural products and traditional industrial products such as clothing and textiles. The high level of imports led to a trade deficit between the early 1970s and the early 1990s.
However, from 1992 on, France recorded a trade surplus, with a positive balance of invisible transactions (non-merchandise), particularly tourism. The government supports a balanced trade policy that guarantees Access to foreign markets for French companies, while preserving collective sensitivities and preferences and promoting compliance with the Paris Agreement. The impact of these agreements has shown that they are important levers for growth and employment. Since a trade agreement with South Korea was reached, EU exports to South Korea have increased by 60% and a trade surplus of 3.1 billion euros has been recorded in 2016. The EU-Vietnam trade agreement will make it easier and cheaper for them to do so. France is also committed to making efforts to make adherence to the Paris Agreement and compliance with its legal obligations the subject of an essential clause in future agreements. The aim of this very ambitious proposal is to be able to denounce the agreement at the end of the Paris Agreement and to gain additional influence in the fight against climate change. This objective was reaffirmed at the first meeting of the Ecological Defence Council, held on 23 May 2019. Speaking at the Sorbonne University on 26 September 2017, French President Emmanuel Macron spoke in favour of an open Europe that protects and can promote the economic interests of companies and ensure respect for our interests and respect for international trade rules. 850 million euros Value of France`s trade surplus with Japan.
France ensures that the agreements do not weaken the sectors and that they are in line with agricultural policy at European level. 17. Vietnam is France`s 17th largest trading partner outside the EU. This policy has resulted in the conclusion of several recent agreements: South Korea (2009), Singapore (2012), Colombia and Peru (2012), CETA with Canada (signed in 2016, provisionally entered into force in September 2017) and the Economic Partnership Agreement with Japan (which came into force on February 1, 2019). Negotiations are ongoing with Chile, Mexico and Mercosur, Australia and New Zealand. Most foreign trade is with other developed countries and about four-fifths of transactions are with Organisation for Economic Co-operation and Development (OECD) countries. Among these, the EU plays an important role, reflecting the increase in trade in goods and services between its Member States.