DECRYPTION – The French trade deficit persists, marked by oil dependence and trade concentrated in vulnerable sectors such as aeronautics and luxury.
In Saudi Arabia since Monday, Emmanuel Macron continues his state visit to the country of Crown Prince Mohammed bin Salman. The arrival of the French president, alongside a delegation of companies, is cemented around an important economic aspect, while the world's leading exporter of crude oil is struggling to implement its Vision 2030 plan, to face a future without oil. Energy, water, transport… this colossal project is a boon for French players. Both countries intend « strengthen significantly » their economic exchanges which are not « living up to common ambitions »underlines the Élysée. It's an understatement to say it.
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