France Exports More To Brunei
By James Kon

Bandar Seri Begawan - Brunei Darussalam and France have enjoyed a stable trade volume worth BND $24 million over the past few years.

This was revealed by Mr Jean-Marie Demange, the Minister Counsellor cum Head of the Economic Departments for Southeast Asia of French Embassy, during his presentation on "Invest in France: Economic Updates" at Sheraton Utama Hotel on Tuesday. The talk was organised by the French Bruneian Business Association.

"France exports more than we import from Brunei Darussalam," he said. France exports more than BND$20 million worth of products, while it only imports BND$4 million worth of products from Brunei, he added.

The run down of exports from France to Brunei are spare parts for planes and cars (worth around BND$1 million); BND$2 million worth of electronics and consumer goods, and BND $7 million of intermediately products. The rest are pharmaceutical products and equipments.

Meanwhile, France imports $4 million worth of metal from Brunei. When asked which sectors in France have the most potential for Brunei investors, he said: "There are a lot of opportunities in France especially in the service sectors like banking and logistics."

"France would like to continue its cooperation with Brunei," he said, adding that the country already has TOTAL in the Sultanate.

As language is considered as one of the main concerns of doing business in France, he reassured Bruneians that it was not true that the French people only know how to speak their own language. "Thirty to 40 per cent of the people in the city speak English," he said.

In term of economy stability, France is the world's 5th largest economic power. The country is also the world's 4th biggest exporter of services and the world's 5th biggest exporter of goods. -- Courtesy of Borneo Bulletin

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