Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

The Franco-American Trade - Essay Example

Comments (0) Cite this document
Being a member of the Europe Union, France is also a member of the World Trade Organization. The EU commission speaks on the behalf for all EU states unless there is a variance in the laws but in most cases, all EU states are represented by the Commission…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.4% of users find it useful
The Franco-American Trade
Read TextPreview

Extract of sample "The Franco-American Trade"

Download file to see previous pages French exports stood at 1,427 billion francs ($285.4 billion) in 1995, 22% of GDP while the imports amounted to 1,322 billion francs ($264.4 billion). The figured showed a substantial increase in the surplus in durable goods (over 58 billion francs, $11.6 billion), a 20 billion-franc surplus ($4 billion) in farm products, a surplus of 31 billion francs ($6.2 billion) in agri-foodstuffs, a declining energy bill and a rise of 19% in electricity exports.(Stern 47)
Being a member of the European Union results in a lot of internal trading between the EU countries, hence France's European Union partners absorb 64% of its trade. According to the survey carried out in the 1990s, the country had a trade surplus of 27 billion francs ($5.4 billion) with the EU in 1995. The main trading partners of France are Germany, Italy, the United Kingdom, Belgium and Spain, along with the United States.
As pointed out above France and United Kingdom are major trading partners. France is UK's third largest market and has been importing from Britain for the last twenty odd years. France has the distinction of being UK's third largest supplier providing 7.2% of UK imports only behind Germany (14.6%) and the USA (9.5%), while ahead of the Netherlands (7.1%) and China (6.8%). The United Kingdom is Frances's fourth export market making 8.3% total exports, after Germany (14.7%), Spain (9.9%) and Italy (9.5%).
The United Kingdom is France's seventh supplier, as it pr...
As Chinese products have flooded the global markets, the scenario has been similar for France who has been importing from China on an increasing rate. (Stern 51)
On the other hand, United Kingdom has lost the France market and this is mostly explained by the downward trend in the oil exports by the UK to France. Other main category products whose export level has also suffered have been cars, electronic and electrical equipment, chemicals, clothing and meat. However, this has been slightly off set by increasing UK exports in sectors such as machinery (gas turbines), pharmaceuticals, aerospace, iron and other heavy metals, precious stones
and beverages.
The main categories or rather sectors which have been of prime trading importance between UK and France apart from the energy sector are: machinery, electrical equipment, transport, chemicals, food and consumer goods. According to the latest figures, the imports by France from UK include mostly machinery while France mostly exports transport equipment to the UK. (Gilbert 2004)
Machinery constitutes the largest share in the bilateral trade by having nearly 80% representation while it is followed by the energy sector in UK exports at 11.7% and oil in UK imports at 5.9%. Energy's share in UK exports was 11.7% (10.6% being oil) and 5.9% in UK imports.
Another important trading partner of France is the United States of America (USA). The foreign trade allows them to deepen the understanding of good faith that that the two countries have established. The foundation of their global trade is based on a solid arrangement. According to the latest figures published in the State publications, the average trading between the two nations is of 1 billion dollars -commercial activities and ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The Franco-American Trade Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from
(The Franco-American Trade Essay Example | Topics and Well Written Essays - 1250 Words)
“The Franco-American Trade Essay Example | Topics and Well Written Essays - 1250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Franco-American Trade

American Export Trade Business

...? American Export Trade Business Table of Contents Table of Contents 2 Introduction 3 US export trade 3 High-technology exports 4 Decline in US shareof high-technology goods and high tech trade deficit 6 Causes for decline 6 Input requirement 8 Standard of living 8 Strong Multiplier Effect: Reducing unemployment 8 Premium compensation and health care benefits 9 Increase in purchasing power 9 Government spending 11 Conclusion 12 Works cited 14 Name Course name Course number Date American Export Trade Business Introduction The overall export sector in the United States is showing a positive growth in the current year (2013). According to report by the U.S. Census Bureau, the total worth of volume of exports by the country increased from US...
10 Pages(2500 words)Assignment

North American Free Trade Agreement

...North American Free Trade Agreement (NAFTA) Established on 01 January 1994, the NAFTA is an agreement between the United s, Canada and Mexico to facilitate free trade among these nations. As such, the stipulations of the NAFTA are designed to eliminate the trade barriers between these countries by 2009. ("The Columbia Electronic Encyclopedia," n.d.) With these in mind, there are various reasons that justify my full support for the implementation of the NAFTA. First, it entails the removal of as many tariffs and duties as possible ("Investopedia," 2005). Because of this, the products available in the market, particularly imported goods, would be offered at a comparatively lower price. In this regard, the consumers benefit since...
2 Pages(500 words)Essay

American Global Trade

... destination of Chinese merchandise exports and China is buying up more and more U.S. goods, with U.S. exports to China rising 21.5 percent each of the last four years. Trade Imbalance In 2005 the United States ran a bilateral trade deficit with China of $202 billion, up from $162 billion the previous year. Senator Charles Schumer (D-NY) said in a statement to press that these figures should be "a red flag to the Congress and to the global economy." Many Americans worry the United States is too dependent upon China for its imports, and blame the deficit for the loss of U.S. manufacturing jobs. Despite public fervor, the trade deficit does not have all economists worried. "I personally don't believe the bilateral trade deficit is dangerous...
12 Pages(3000 words)Essay

North American Free Trade Agreement

... activity associated with NAFTA. References Amadeo, K. (2011). Advantages of NAFTA. Retrieved November 30, 2011 from Chapter 4: Tariffs. Retrieved November 30, 2011 from North American Free Trade Agreement. Retrieved November 30, 2011 from
2 Pages(500 words)Research Paper

The Franco-Prussian War

...Bismarck and Franco-Prussian war The Franco-Prussian war of 1870 to 1871 was fought in Europe between France and Germany whereby the French lost the war to the German States under the guidance and leadership of Prussia. The main cause of the conflict was that the Prince of German Otto Edward Leopold Von Bismarck was determined to unify Germany under Prussian control and the move towards this goal was to remove or eliminate French influence over Germany (Howard 31). The German statesman Otto Von Bismarck vowed to unify German states with all means either using war or diplomacy. The other cause was that the French emperor Napoleon III wanted to regain French influence and prestige both France and internationally that has been lost during...
1 Pages(250 words)Essay

The Franco-Prussian War

... Topic: German -- The Franco-Prussian War of 1870-71 Prussia was in the ascendancy. It worked for unity of the states and soon became the leading German power. The Prussian victory in the Austro-Prussian War of 1866 caused serious apprehensions in the mind of Napoleon III. Bismarck, in the meanwhile was playing his political game by encouraging rift between France and Prussia. His maneuverings succeeded in making Russia, Italy and Britain neutral. Brisk war preparations began, Prussia with its disciplined military might threw a big challenge to an inefficient French Army. The apparent cause for beginning of the war was simple and it served the hidden political agenda of Bismarck well. France...
1 Pages(250 words)Essay

Franco Prussian War

...Franco Prussian War of 1870-1871 Franco Prussian War is a war that occurred between 19th July 1970 and 10th May 1971 due to a conflict arising between second French empire and Prussia. Since Prussia was a member of North German Confederation, the war made German States unite to fight a common enemy under the leadership of Prussia. This war marked the rise of Germany to the position of a major continental power. In addition, it marked the fall of Napoleon III, and the end of second French empire. This war resulted in the territory of Alsace and part of Lorraine being captured by the Germans to their territory until after World War I. Historians attribute various causes to this war. First, Bismarck, a Prussian prime minister had a great...
1 Pages(250 words)Essay

The Franco Regime

...The Franco Regime A research essay proposal for: The Franco Regime This research essay proposal is about the Franco regime. General Franco remains one of the most intriguing historical figures in the Spanish history. He is known to have led the authoritarian regime, which resumed power after the civil war.1 This essay will explore the military career of General Franco having been a generalissimo of the army, being a chief of state and heading the government.2 The essay will explore the effects of his personality and how he ruled Spain.3 This essay will explore his retention of power, and how he dismissed most ministers and most decision makers during his reign.4 The essay will discuss the involvement of General Franco in policy making, 5...
1 Pages(250 words)Research Proposal

American Trade and Imperialism

... American Trade and Imperialism Table of Contents 3 Introduction 4 Political Consequences 5 Economic Consequences 8 Social Consequences 10 Conclusion 11 Works Cited 14 Abstract Many people and nations admire the democratic capitalism system of governance and free trade exhibited in America. The system of governance of the superpower known as the United States of America derives immense influence across the world. Until recently when the imperialism policy gained subtle grounds in the U.S, America had been condemning imperialism in Europe. However, the colonization of Puerto Rico in the early 1900s by the United States marked the beginning of American imperialism. American imperialism manifested itself between 1870 and 1916. During...
10 Pages(2500 words)Research Paper

International Trade Theory

 Further to this, it is also believed that international trade can bring substantial economic welfare to the countries however still most of the countries do not view it as a favorable thing. Despite having a very promising and bright outlook, international trade has been largely viewed with suspension and it is because of this that governments impose barriers to restrict international trade. There can be many reasons behind this act of imposing restrictions or blocking international trade however there are also benefits on the other side too.

International trade has driven the attention of many of the brilliant minds in economics therefore the origins of the economic theory on international trade owe much to the c...
6 Pages(1500 words)Case Study

The Trade Union Movement in the UK

Before the ERA 1999, union membership and recognition in the UK were characterized by voluntarism, in which employers and employees could bargain over the terms and conditions of employment without any legal interference. With the statutory system ushered in by the new law, voluntary recognition of unions is no longer allowed and it becomes unlawful for British employers to deny recognition to unions under any circumstances. That conveys the impression that ERA created a radical change in British industrial relations. This paper takes the contrary view, however, and proposes that while the new industrial relations law looks revolutionary in principle, there are no fundamental changes in actuality for the change to qualify as &ldqu...
8 Pages(2000 words)Case Study

Contemporary American Catholic Homiletic Theory and Practice

...Overview of Contemporary American Catholic Homiletic Theory and Practice Luke 4:16-21 The foundation moment in Christian preaching is written in Luke4:16-21, when Jesus went into the synagogue in Nazareth and stood up to read the scroll of the prophet Isaiah “and he begun by saying to them, ‘today this scripture is fulfilled in your hearing’”. (Luke 4:21) Upon the ripening of time, Jesus stood at that moment as the prophetic speaker proclaiming God’s scriptural Word, declaring the fulfillment of the prophecy in Isaiah in his person. He spoke in revelation of the fulfillment of written words to a congregation, laying down the foundation of Christian preaching that has since been the basic implement in the sustenance and propagation...
6 Pages(1500 words)Case Study

Women in American Politics: Past and Future Challenges

The official political role of women in the colonial period was not definite at all. Political rights were founded profoundly on ascribed status such as birthrights and on achieved status such as property. Religion also contributed in determining who could and could not play a part in politics. There was no steady and widespread difficulty in the participation of women in political life, yet only a small number of women voted in England and North American colonies, and hardly any women participated in politics to the degree of putting into effect political influence (ibid). In reality, the minority had any public office at all in England, and no women can be recognized as holding elective political office in the colonies.
19 Pages(4750 words)Research Proposal

American Airlines: Supply Chain Nightmare

For this reason, it is necessary that all business sectors are carefully reviewed – as often as possible – for the appropriateness of their structure and their daily needs; managers may fail to evaluate with accuracy their firm’s needs, a fact that can cause the failure of plans applied on the relevant organization (Hardless, 2005). On the other hand, the needs of various organizational departments are different; the methods used for the improvement of a firm’s activities should be flexible taking into consideration the characteristics of the specific organizational sector, its strengths/ weaknesses but also its role in the development of the firm’s activities. Boeing is a firm with a long presence in...
15 Pages(3750 words)Case Study

Asher B. Durand and the American Landscape

...ASHER B DURAND Asher Brown Durand (August 21, 1796-September 17, 1886) was an American painter of Hudson River School. He was born at Jefferson Village which is now known as Maplewood, New Jersey. He was the eighth child of the eleven children of his father who was a watchmaker and a silversmith. Durand died at the age of 90 years, an exceptional expanse of time in an era when the life expectancy was limited to 45 to 50 years in America. Durand was an accomplished etcher before he turned his attention to painting. He was the acknowledged dean of the American landscape school from his election as president of The National Academy of Design in 1845, until his death. During these forty years, he set the tone for American landscape painting...
7 Pages(1750 words)Essay

Potential Benefits of International Trade

... of some region compared to other and consumer tastes and preferences. Developing economies are experiencing lower costs of production of various commodities. Korea, China, Indonesia and India, for example produce services and goods at very low costs compared to EU and USA’s. This has led to the developed regions placing high levels of restrictions to the Asian countries. A major product component that’s very common in the current world’s international trade is oil and petroleum products. For instance in 2005 alone, USA utilised about 26 barrels of oil per single day. American usually imports natural gas liquids, refined commodities and crude oil. Very big amounts are brought into the world market by a group of nations under the umbrella...
6 Pages(1500 words)Coursework

Macroeconomics and Trade Policys

Keynes argued that prices and wages do not determine the level of employment, as many classical economists suggested, but instead the level of aggregate demand for goods and services (Case & Fair 683). Keynes realized as well during the Great Depression that the government could intervene in the economy to attain specific employment and output goals by either increasing or decreasing taxes and government spending.

For example, raising taxes will decrease the disposable income of households and thus effectively decreasing consumption. When the government decreases consumption, the household demand for goods and services decreases thus it would only seem reasonable that the amount of output that the economy would also...
7 Pages(1750 words)Article

The Values of Japanese Manga and American Comics

...The Values of Japanese Manga and American Comics: a comparative perspective on heroes, their symbolism, and envelopment A comic, an extremely popularart form of the modern times, is widely considered as an essential companion for children and teens. Due to its abundant use of imagery, incorporation of fantasy materials and emphasis over basic emotions of both childhood and adolescence, comics, in the recent times, have created a separate range of appeal at the psychical level of youngsters. However there are several disputes regarding inception of comics as a special kind of art form in the modern world. Douglas Wolk observes in this context, “A whole subculture of comics expert spend their time debating what the first comics was, trying...
14 Pages(3500 words)Thesis

American Political Communications

... positive feeling expressed by any person or event. In contrast, it contains a shot of a group of Americans protesting against the health plan which induces a negative feeling as the target audience usually relate to the public shown in tapes. There are no shots in this ad showing the American flag which usually gives the audience a sense of oneness, leaving a positive effect. The video does not have any positive comments regarding the health plan which means that both sides of an argument are never featured in the same ad. There are several shots in this advertisement showing various political leaders making comments regarding the health plan which aims at statistically proving the lack of support regarding the same. It includes shots...
6 Pages(1500 words)Essay

North American Free Trade Agreement

...North American Free Trade Agreement (NAFTА) Table of Contents Table of Contents 1 Abstract 2 Executive Summary 2 Introduction 2 Background 3 Implementation of NAFTA 5 Pre-NAFTA and Post-NAFTA Period 6 Advantages and Disadvantages of NAFTA 19 Conclusion 20 Reference 21 Abstract The foremost desire of every country is to stabilize its economy. The wealthier economies eventually wield political power and determine the fate of the other less wealthy ones. Economic development is born out of trade and merely domestic trade is not sufficient. However, foreign trade has some intrinsic barriers that hinder the development of both the economies. Free trade is thus a possible solution that is initiated by the countries who want to globalize...
11 Pages(2750 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic The Franco-American Trade for FREE!

Contact Us