ABSTRACT

U.S.-French Commercial Ties [April 7, 2008]   [open pdf - 112KB]

"U.S. commercial ties with France are extensive, mutually profitable, and growing. With over $1.2 billion in commercial transactions taking place between the two countries 'every day' of the year, each country has an increasingly large stake in the health and openness of the other's economy. France is the 9th largest merchandise trading partner for the United States and the United States is France's largest trading partner outside the European Union. In 2006, 62% or $38 billion of bilateral trade occurred in major industries such as aerospace, pharmaceuticals, medical and scientific equipment, electrical machinery, and plastics where both countries export and import similar products. […] The foreign policy dispute, however, appears not to have had much impact on sales of products such as French wines, perfumes and toiletries, travel goods and handbags, and cheeses that are most prone to being boycotted. While some public opinion polls at the time suggested support for economic boycotts as a way of expressing opposition to France's position on Iraq, an economic backlash appears not to have materialized. Effective boycotts would jeopardize thousands of jobs on both sides of the Atlantic. This report will be updated as needed. See also its companion report, CRS [Congressional Research Service] Report RL32464, 'France: Factors Shaping French Policy, and Issues in U.S.-French Relations', by Paul Gallis."

Report Number:
CRS Report for Congress, RL32459
Author:
Publisher:
Date:
2008-04-07
Series:
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
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