How can export credit help exporters reach the top
Bpifrance had the immense pleasure of hosting a TXF event in its HUB at 6-8th Boulevard Haussmann in the 9th arrondissement of Paris on the 1st of February 2019. TXF France 2019 was a resounding success and had over 150 attendees. (This included corporates, financial institutions, export credit agencies, insurance companies, law firms, governement agencies and more!) The purpose of TXF France 2019 was to explore the opportunities at play for the French export finance market. There were many exciting activities and networking opportunities on offer. For example, participants were able to hear from key players in the export industry, participate in development finance workshops and have their say during different interactive sessions.
The morning opened with a speech by Bertrand Dumont, (Deputy Director General of DG Trésor) and Nicolas Dufourcq about the immense potential of the French economy, and how Bpifrance can help it thrive. According to Bertrand Dumont France is using all the tools at its disposal to increase the number of French exporters to 200 000.
Later, Julika Courtade-Gross of DG Trésor and Pedro Novo (Executive Director of Bpifrance in charge of Export including Export Finance, ECA cover and Advisory services) reminded the public of Bpifrance’s export credit offer. Bpifrance is unrelenting in its quest to encourage entrepreneurs to go big and be bold ! Exporting one’s company abroad is the most effective way to guarantee that it develops rapidly, and Bpifrance’s export credit solution can help facilitate this.
These are the top priorities for stimulating foreign trade:
- Encouraging a winning spirit in SMEs
- Simplifying and digitalising procedures
- Combining finance with coaching
Maelia Dufour, director of International Relations and Business Development at Bpifrance lead an insightful discussion in the afternoon where she engaged with French exporters who are not currently using export credit. The question she asked was: how can we encourage more companies to work with their ECA? This discussion will teach the market how to extend its services to those who need it.
Gabriel Cumenge, Deputy Assistant Secretary of DG Trésor and Hacina Py, Global head of export finance at Société Générale also examined the role of development finance work in emerging markets. The attendees were able to explore two of the most lucrative sectors during workshops: the energy sector and the rails/road sector.
Finally, the afternoon ended with a French exporter-only panel discussion. The French exporters discussed their business outlooks for 2019 and examined what are the most promising export destinations of 2019.
We’re grateful for TXF France for providing the perfect platform for talking about these issues and look forward to welcoming them again on our premises in the future for another TXF France event.