Tuesday, May 28, 2024 A significant step towards enhanced economic cooperation between the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and France was taken at a major conference held in Paris on May 24th. The event, titled “Guangdong-Hong Kong-Macao Greater Bay Area and Europe (France) Economic and Trade Cooperation Conference,” attracted over 400 representatives from French industrial and commercial circles. GBA Poised as Attractive Gateway for French Investment Prominent French industrial leader Gilles-Henry Garault underscored the GBA’s rising prominence as a global economic powerhouse.
He noted that a substantial number of French companies operating in China, including established names like EDF Energy, Danone, and Sanofi, have already chosen Guangdong Province, a core component of the GBA, as their base of operations. Garault further expressed his conviction that the GBA represents an optimal entry point for foreign companies seeking to establish themselves within the vast Chinese market. Strong Trade Relationships and Shared Innovation Focus Official data presented at the conference revealed a robust trade relationship between France and Guangdong.
Trade volume between the two regions reached 24.86 billion RMB in the first quarter of 2024, signifying a noteworthy year-on-year increase of 11.1%.
Norbert Ducrot, President of Wavelandes, shared his extensive experience working in the GBA. Having witnessed the region’s remarkable development over the past two d.
