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France expects UAE bilateral trade to grow 10-15%

French 2012 exports to UAE - $4.7bn - imports from the UAE $2bn

NEWS, Business, France, Uae

The French government expects its $6.7bn bilateral trade with the UAE to grow at between 10-15% this year, a senior official has said.

"Last year French exports to the UAE reached $4.7bn while its imports from the UAE reached $2bn and we expect the overall bilateral trade of US$6.7bn to grow between 10-15% this year,” Francois Sporrer, French Trade Commissioner to the UAE and Qatar, told Gulf News.

The UAE is France's third biggest ‘trade surplus' partner, generating more than US$2.7 billion in trade surplus, he said.

"About 30% of our exports to the UAE are capital goods, 25% intermediary and equipment, 25% consumer goods, 10% food and beverage while 5% are automotive,” he said.

UAE's airlines, Emirates, Etihad and Air Arabia, are major customers of Airbus customers, whose aircraft are assembled in Toulouse, France. "However, the receipts from the export of the Superjumbo A380 that is delivered from Germany goes into German account,” Sporrer said. "We deliver other models, such as the A320s to the UAE and other countries.”

 

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