Don't miss

Replay


LATEST SHOWS

FRANCE IN FOCUS

French education: Reinventing the idea of school

Read more

FRENCH CONNECTIONS

Frogs legs and brains? The French food hard to stomach

Read more

#TECH 24

Station F: Putting Paris on the global tech map

Read more

THE INTERVIEW

Davos 2017: 'I believe in the power of entrepreneurs to change the world'

Read more

#THE 51%

Equality in the boardroom: French law requires large firms to have 40% women on boards

Read more

FASHION

Men's fashion: Winter 2017/2018 collections shake up gender barriers

Read more

ENCORE!

Turkish writer Aslı Erdoğan speaks out about her time behind bars

Read more

REVISITED

Video: Threat of economic crisis still looms in Zimbabwe

Read more

BUSINESS DAILY

DAVOS 2017: Has the bubble burst?

Read more

France

Buying 'Made in France' costs €300 more per month

Text by News Wires

Latest update : 2013-08-14

A report released Wednesday shows that French households would spend up to €300 more a month if they bought domestically made products in line with the government's “Made in France” campaign, aimed at reversing the country's industrial decline.

French households would have to spend up to 300 euros ($400) a month more if they shunned imports for goods made in their own country, according to a report that highlights the downside of a government drive to promote patriotic consumer habits.

The “Made in France” campaign reflects President Francois Hollande’s ambition to reverse a long industrial decline, cut labour costs and make a country whose economy relies heavily on domestic consumption more competitive in world export markets.

The findings by think-tank CEPII show the scale of the challenge he faces.

Industry Minister Arnaud Montebourg launched the campaign late last year by posing in a blue-and-white striped sailor top made by Brittany-based firm Armor Lux.

But if France’s 27 million families relied entirely on homespun goods rather than imports, they would need to spend between 100 and 300 euros more each month, the CEPII study found.

The report showed that a quarter of savings made by relying on imports was generated by buying bags and luggage from low-cost countries such as China, India and Bangladesh.

Flat-screen televisions and other electrical goods were next, followed by clothing and footwear.

“If you pay twice as much for French-made running shoes, you have less money to spend in restaurants,” Lionel Fontagne, one of the report’s author’s, told RTL radio.

(REUTERS)

 

Date created : 2013-08-14

  • FRANCE

    Politicians take up ‘Made in France’ mantra as elections loom

    Read more

  • FRANCE

    French farmers in fresh egg-smashing rampage

    Read more

  • FRANCE

    French consumer confidence plummets

    Read more

COMMENT(S)