The Minister of the Economy, Bruno Le Maire, is due to announce on Tuesday new support measures for exporting companies. This is to ensure them a good level of cash flow and access to finance while global demand falls. Bercy fears competition from Asia in certain markets.
Bercy is extending its safety net to French exporters to prevent them from falling too heavily. Bruno Le Maire, the Minister of the Economy and Finance, is due to announce this Tuesday morning measures intended to support French companies selling abroad in the midst of the coronavirus crisis. The plan, designed by Jean-Baptiste Lemoyne, Secretary of State for Foreign Trade, provides for the activation of several financial tools.
“This is to allow French exporters to get through the crisis, to help them with their cash flow so that they can survive and maintain their presence in foreign markets”, we explain to Bercy. Indeed, short of cash, French exporting companies, particularly SMEs, could have the reflex to abandon the open sea and refocus on the domestic market. This is precisely what the Ministry of the Economy seeks to avoid, part of Emmanuel Macron’s policy since coming to power having consisted in trying to improve the country’s competitiveness.