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Economic relations

Reflecting the vitality of the bilateral relationship, trade between France and Australia is growing rapidly. France exported goods worth €3.8 billion to Australia in 2011, on a par with exports to Brazil, while imports from Australia amounted to €1.12 billion. Australia accounted for France’s third largest trade surplus in 2011, up from seventh place in 2010.

Inward investment is the most tangible evidence of France’s presence in Australia. With a total of 462 business operations (headquarters of subsidiaries of French firms, branch offices) on Australian soil, employing a workforce of close on 75,000, France is Australia’s eighth largest overseas investor. Leading French groups such as Total, GDF Suez, Thalès, Accor, BNP-Paribas, Airbus, Bouygues and EADS occupy a pre-eminent position in Australia and take a keen interest in the enormous potential the country has to offer. In 2012, Total and its Japanese partner announced a €26 billion investment (30% funded by Total) to develop a natural gas deposit (Australia is set to become the world’s biggest producer of liquefied natural gas (LNG) by 2016/2017). Suez Environnement currently provides 30% of Australia’s drinking water and has just commissioned a large-scale desalination plant in Melbourne.

For more information: Foreign Trade Website http://www.tresor.economie.gouv.fr/se/australie/

Updated on 14.01.13

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All rights reserved - French Ministry of Foreign Affairs and International Development - 2014