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September 23, 2025

France is a wealthy OECD country, one of Canada’s top trading partners, and the third largest partner in Europe for overall goods and services trade. It has a modern, diversified economy, anchored by strong political institutions, world-class companies, and a sound banking sector.

Economic stability is supported by high-value industries such as aerospace, ICT, automotive, energy, and life sciences. France ranks 22nd out of 137 in the World Economic Forum’s Global Competitiveness Report, underlining its attractiveness for investment. While public debt remains a challenge, the government is advancing competitiveness reforms and investment incentives, particularly in green technologies and digital transformation.

For Canadian businesses, France serves as both a direct market and a gateway into the wider European Union, amplified by the Comprehensive Economic and Trade Agreement (CETA), which reduces tariffs and increases mobility of people, goods, and services.

France provides Canadian companies with a competitive environment supported by innovation clusters, a skilled workforce, and preferential trade access under CETA.

Key Sectors

  • Aerospace
  • Mining & Metals
  • Oil & Gas
  • Power & Utilities
  • Renewable Energies
  • Telecommunications
  • Transportation Services

Trade Agreements

Canadian firms can benefit from:

  • Partnerships in aerospace, clean-tech, and renewable energy
  • High-value collaborations in ICT, AI, and cybersecurity
  • Cross-investment opportunities in both directions, with French subsidiaries in Canada employing over 100,000 people and Canadian companies active in France across multiple sectors
  • Leverage CETA to lower costs and facilitate smoother entry into the EU market

Canada – France Relations

Canada and France share mutually beneficial economic relations, with growing trade in goods, services, and investment.

  • Goods trade: In 2018, bilateral trade reached CAD $10.6 billion, with Canadian exports ($3.4B) including hi-tech products, minerals, chemicals, and agri-food. French exports ($7.2B) included aeronautics, machinery, wines & spirits, pharmaceuticals, cosmetics, and consumer goods.
  • Services trade: Bilateral services trade totaled CAD $6.7 billion, with Canada as a net importer of French services.
  • Tourism: Travel flows are strong: 604,000 French tourists visited Canada, while 1.2 million Canadians visited France.
  • Investment: Cross-investments are extensive — nearly 250 French subsidiaries of Canadian companiesoperate in France, while over 1,100 Canadian subsidiaries of French firms employ more than 105,000 people in Canada.
  • Innovation: Joint commitments in science, technology, and innovation target aerospace, biotech, precision agriculture, nanotech, green energy, and digital technologies.

Additional Resources

CETA Video Resources

Entry Links

Strengthening Trade Ties Between the European Union and British Columbia with CETA

Join us for an informative and timely webinar focused on strengthening trade connections between British Columbia and the European Union through the Comprehensive Economic and Trade Agreement (CETA). With increasing uncertainty surrounding Canada–U.S. trade relations, this session will showcase the untapped potential of CETA as a stable, competitive, and accessible framework for doing business with France and the broader EU market. Since 2024, a collaborative initiative between the French Treasury, Expertise France, and Global Affairs Canada has deployed an “International Trade Expert” to promote CETA and support Canada-EU trade relations.

This event offers British Columbia companies and trade advisors a rare opportunity to deepen their understanding of CETA provisions, discover practical tools, and explore promising import/export sectors between France and BC.

What You’ll Learn: Key CETA provisions that support cross-border trade (tariff elimination, labour mobility, procurement, services liberalization) Regulatory compliance essentials (HS codes, rules of origin, labelling, certifications, IP) How to maximize financial and operational benefits from CETA Introduction to France-Canada trade facilitators who can help you access the European market How CETA serves as a strategic alternative to U.S.-based trade amid global uncertainty

Presentation by Eric Petersson – Global Affairs Canada

Presentation by Jean-Toussaint Olivieri-Battestini of Expertise France

Media Inquiries Welcome Reach out to our communications team.

We welcome requests for interviews, additional details, and background information. Our team is happy to provide timely responses and help coordinate with subject matter experts when needed.