Emmanuel Macron and Elon Musk Set to Discuss France’s Industry Attractiveness at Business Summit
French President Emmanuel Macron will engage in talks with billionaire entrepreneur Elon Musk on Monday during a business conference near Paris, as confirmed by the Elysee Palace. The meeting will revolve around “the attractiveness of France and its industries,” according to the president’s office.
Choose France Summit: Boosting International Investment
Later in the day, Macron will host over 200 multinational executives at the “Choose France” summit in Versailles, aiming to enhance international investment in the country. The summit’s sixth edition has already witnessed a record €13 billion in announced investments.
Focus on Electric Vehicles
Finance Minister Bruno Le Maire, who is scheduled to have lunch with Elon Musk, stated that discussions will encompass various topics, including electric cars. Le Maire emphasized that the investments being made today result from extensive negotiations conducted over months, or even years. France recently outshone Germany and the Netherlands to secure the first overseas car battery plant of Taiwanese company ProLogium.
France’s Green Transition
President Macron has unveiled a series of measures to support innovative industries and foster the transition towards greener technologies. These measures involve tax credits in fields such as battery production, electric vehicles, hydrogen, and wind power. The government also aims to expedite authorizations for industrial projects.
Previous Encounter and Twitter Discussion
Macron and Musk previously met in December during the French president’s visit to the United States. They engaged in a candid conversation about future green industrial projects, including the production of electric vehicles and batteries. Macron also addressed the need for social media platforms like Twitter to comply with European regulations, emphasizing transparent terms of use, robust content moderation, and the protection of freedom of expression.
Challenges and Economic Progress
While the meeting focuses on industry attractiveness and electric vehicles, it takes place against the backdrop of protests against Macron’s retirement age reforms. Nevertheless, Macron’s pro-business policies, such as tax cuts and labor market reforms, have contributed to France’s appeal for foreign investments. The country’s unemployment rate has reached its lowest level since 2001, showcasing the positive impact of Macron’s economic strategy
SOURCE: Ref – AFP & AP
Images: Google Images
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