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Macron’s efforts to attract foreign investors in the midst of political turmoil and the Olympics

France's president is hosting some of the world's most influential chief executives today to reassure them that his country remains a top destination for foreign investment.

The Politico website wrote: Macron hosted a luncheon at the Elysee Palace this Thursday for about 40 top executives in the world, including Tesla CEO Elon Musk, Coca-Cola CEO James Quincey, Vice President Joe Tsai The executive of Alibaba Group is Tik Tok CEO Suzy Zee Choo, YouTube CEO Nell Mohan, and officials from Samsung and…

Bruno Lomar, Minister of Finance of France, will also participate in this party.

An Elysée official said: World business leaders are closely monitoring the political situation in France, and Macron will assure them that the policy of Paris to attract foreign investors will not change.

After early parliamentary elections in France, uncertainty and instability have cast a shadow over France. Macron repeatedly warned during the election campaign that a victory by the far right or left would call into question the pro-market reforms he has implemented over the past seven years and make France less attractive to foreign investors.

While the Paris Olympic Games will begin tomorrow (Friday) with an unprecedented opening ceremony by the Seine River, hundreds of heads of state, governments and senior executives of the world business community will be present in Paris.

Despite a negative trade balance for goods, during Macron’s presidency, France has played a strong role in attracting foreign investors, thanks in part to generous subsidies.

While many of Macron’s guest executives have invested in France, Elon Musk does not have a factory in France, although Macron has tried to convince him to invest in this country.

 

© Webangah News Hub has translated this news from the source of Young Journalists Club
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