Magazine article Economic Review

France

Magazine article Economic Review

France

Article excerpt

FRANCE

Trade relations between Pakistan and France is quite well balanced: during the calendar year 1989, France has purchased for a total amount of FF 1,117 million whereas Pakistan has imported for FF 1,260 million of French goods. This balance has not however been regular in the past: while Pakistan exports to France have been multiplied by four, growing regularly along the past ten years, imports from France have only trebled, after having reached peaks of FF 1,500 million in 1986 and 1987 and a record FF 1,800 million in 1988. This is due to the fact that the bulk of French imports from Pakistan are consumer goods (88 per cent in 1989), the quality of which has become more and more appreciated along the years in France, whereas French sales to Pakistan are mostly equipment goods, which are dependent on the award of big size projects to French companies.

The two main exports from France to Pakistan are industrial equipment goods and semi-finished products. The first item covers for its bigger part electrical equipments, which had reached a record level in 1988 thanks to sales of turbines and related equipments for thermal power plants, navigational aids for Civil Aviation Authority, etc... These sales are down 51.5 per cent in 1989, no contract of importance having been delivered last year. The other main items is semi-finished goods which are mostly metal and metal based products (43 per cent) and chemicals (32 per cent).

French imports from Pakistan are mostly consumer goods, as already mentioned. …

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