📊 €121 billion
Franco-British bilateral trade in 2025, near-record for the third consecutive year. In a world of tariff wars, a closed Strait of Hormuz and rising geopolitical uncertainty, that number is not obvious.
Yesterday, the Cross-Channel Institute, the think tank of the Franco-British Chamber of Commerce & Industry presented the 9th edition of the Barometer of Franco-British Economic Relations in partnership with Forvis Mazars. Three signals from the room:
👉 Resilience is real and it was earned
“The numbers are surprisingly resilient. It reflects the ability of companies to adapt to new tariffs, to new conditions, to a fast-changing environment.” chantana sam, Economist, HSBC Continental Europe.
👉 The relationship is being rewritten sector by sector
Pharmaceuticals and aircraft are growing strongly. Automotive is in structural decline. Finance has stabilised post-Brexit. France and the UK are not competing on technology they are navigating a shared challenge against the US and China.
“France and the UK are not in competition. Cooperation is the natural decision.” George Lagarias, Chief Economist, Forvis Mazars.
👉 2026 is already showing the way
Bilateral goods trade rebounded 8% in Q1. The relationship is not retreating, it is recalibrating.
“Neither tariff turbulence nor market uncertainty has been able to erode the deep interdependence between our two economies.” Olivier CAMPENON, Chairman, Cross-Channel Institute.
🇫🇷🇬🇧 “If there are tensions in the world, the UK and France stand together through those times.” Françoise Rausch, President of the Franco-British Chamber.
🔗 Download the full Barometer in English: https://lnkd.in/eerC72ZD
🔗 Download the full Barometer in French: https://lnkd.in/eymnNjMA
