On February 16, French Prime Minister Philippe announced at a L'Oréal factory that the government will strengthen monitoring of foreign investment plans in certain sectors to protect France's 'strategic' enterprises. The Macron government aims to further expand the decree on foreign investment control issued by former Minister of Economy Montebourg in 2005. It also stated that France continues to welcome foreign investment.
Previously, French Minister of Economy Le Maire had stated that France remains open to foreign investment, but this does not mean that foreign companies can 'seize' France's high-tech and competitive enterprise resources. Le Maire emphasized the need to expand the 'Montebourg Decree.' This decree was originally established in response to the acquisition of Alstom's energy sector by General Electric of the United States.
In 2005, France enacted regulations to control foreign investments in French enterprises, extending to sectors such as defense and weapons, as well as water, healthcare, energy, transportation, and telecommunications.
Now, the Philippe government plans to further expand this decree to include 'strategic' French enterprises in artificial intelligence, digital storage, aerospace, and other fields.
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