Latest news with #MarcFerracci
France 24
28-07-2025
- Business
- France 24
French ministers say EU-US trade deal too unbalanced, needs more work
French government ministers said a framework trade deal between the United States and European Union had some merits – such as exemptions for some key French business sectors such as spirits – but was nevertheless unbalanced. 'The trade agreement negotiated by the European Commission with the United States will bring temporary stability to economic actors threatened by the escalation of American tariffs, but it is unbalanced,' wrote French European Affairs Minister Benjamin Haddad on X. That view was echoed by France's industry minister Marc Ferracci, who said more talks – which could last weeks or months – would be needed before the deal could be formally concluded. Ferracci told RTL radio that more needed to be done in terms of rebalancing the EU's trade relations with the US. 'This is not the end of the story,' Ferracci told RTL.
Yahoo
28-07-2025
- Business
- Yahoo
French ministers say EU-US trade deal has merits but is also unbalanced
PARIS (Reuters) -French government ministers said a framework trade deal between the United States and European Union had some merits - such as exemptions for some key French business sectors such as spirits - but was nevertheless unbalanced. "The trade agreement negotiated by the European Commission with the United States will bring temporary stability to economic actors threatened by the escalation of American tariffs, but it is unbalanced," wrote French European Affairs Minister Benjamin Haddad on X. That view was echoed by France's industry minister Marc Ferracci, who said more talks - which could last weeks or months - would be needed before the deal could be formally concluded. Ferracci told RTL radio that more needed to be done in terms of rebalancing the EU's trade relations with the U.S. "This is not the end of the story," Ferracci told RTL. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
28-07-2025
- Business
- Reuters
French ministers say EU-US trade deal has merits but is also unbalanced
PARIS, July 28 (Reuters) - French government ministers said a framework trade deal between the United States and European Union had some merits - such as exemptions for some key French business sectors such as spirits - but was nevertheless unbalanced. "The trade agreement negotiated by the European Commission with the United States will bring temporary stability to economic actors threatened by the escalation of American tariffs, but it is unbalanced," wrote French European Affairs Minister Benjamin Haddad on X. That view was echoed by France's industry minister Marc Ferracci, who said more talks - which could last weeks or months - would be needed before the deal could be formally concluded. Ferracci told RTL radio that more needed to be done in terms of rebalancing the EU's trade relations with the U.S. "This is not the end of the story," Ferracci told RTL.
Time of India
25-07-2025
- Business
- Time of India
France says European satellite venture talks are making progress
PARIS: Efforts to set up a European space project alliance involving Italy's Leonardo , France's Thales and Airbus and aimed at challenging Elon Musk 's Starlink are making progress, said France's industry minister on Thursday. "It's a project which we support. Talks are moving forward in a constructive manner," said France's Marc Ferracci during a meeting in Paris with his Italian counterpart Adolfo Urso. Urso said negotiations were aiming at giving the two countries an equal footing in the project, endorsed by French President Emmanuel Macron at the Paris Airshow in June. Under the so-called "Project Bromo", named after an Indonesian volcano, Leonardo, Thales and Airbus have been exploring plans to set up a new satellite manufacturing company to better compete with the U.S. and China, but so far progress has been modest. Leonardo's Chief Executive Roberto Cingolani said last month that the three companies would make another assessment on where the deal stands by the end of July.
Fashion Network
23-07-2025
- Business
- Fashion Network
France and Italy meet to defend "made in Europe"
France's finance minister Eric Lombard and industry minister Marc Ferracci will meet with Italy's business minister Adolfo Urso in Paris on Thursday to seek an "aligned position" on European industry. The two countries will seek to boost endangered sectors and defend "made in Europe." "The aim with the Italians is to rally them to the fight to protect European industries, so that we can jointly take it [the issue] to Brussels with them," the offices of the two French ministers told the press. Among the issues to be raised on Thursday is the question of European steel. The survival of the European steel industry is, according to Paris, threatened by "exacerbated" or even "unfair" competition from China and the US. The European Commission has said it intends to present a legislative proposal in September to reduce steel imports into Europe by up to 50% through various trade measures, which France is defending. The two countries' ministers are also expected to discuss automotive issues, with the "shared objective" of "strengthening demand for clean vehicles with European content," and to tackle the question of "European preference," for example in public procurement. "Italy is moving closer and closer to France on a number of positions," said Parisian representatives, referring again to nuclear power, which Italy wants to revive. Italy also advocates, like France, that nuclear power should be treated in a similar way to renewable energies in European legislation. "The issue of competitiveness and technological neutrality is one of the subjects on which we agree with the Italians," added the French ministers' offices. Thursday's meeting in Paris will take place as part of the Quirinal Treaty, signed between the two countries in 2021. The treaty includes annual meetings between French and Italian ministers. Giorgia Meloni and Emmanuel Macron displayed their "shared commitment" and "strong convergences" during a long tête-à-tête in Rome in early June. The meeting was held in part to dispel the tensions of recent weeks, which have been amplified since Donald Trump 's return to the White House.
