Your extremely insulting words show perfect ignorance of our country and its solid advantages, such as its world-renowned attractiveness and its relationship with the United States of America.
Within these foreign investments, the United States occupies the first place. 4200 subsidiaries of U.S. companies employ nearly 500,000 people. The presence of U.S. companies in France is very old: Haviland since 1842, IBM since 1914, Coca-Cola since 1933, General Electric since 1974. And many others. These links are from year to year renewed: in 2012, companies like Massey Ferguson, Mars Chocolate, or 3M chose to increase their presence in France.
What are the decisive factors in the choice of location? Foreign companies in France are seeking quality infrastructure, quality of life, an energy among the most competitive in Europe, and a very favorable environment for research and innovation. But most importantly, in contrast to your ridiculous and derogatory comments, all these companies know and appreciate the quality and productivity of the French workforce and the commitment, know-how, talent and skills of French workers
To amplify the attractiveness, the French government has recently taken 35 measures in the National Pact for growth, competitiveness and employment. Among them, the tax credit for competitiveness and employment allege costs of 6% wage firms between 1 and 2.5 SMIC. In addition, the social partners have reached an agreement on the employment security, which illustrates the quality of social dialogue in France and the importance that the government, to which I belong, attaches to it.
Can I remind you that Titan, the company you head, is 20 times smaller than Michelin, the French technology leader with a global reach, and 35 times more profitable? That shows the extent that Titan could have learnt and gained enormously from a French base.
France is especially proud and happy to welcome American investment between our two countries that are linked by an old and passionate friendship. Do you at least know what Lafayette did for the United States of America? For our part, we French will never forget the sacrifice of young American soldiers on the beaches of Normandy to deliver us from Nazism in 1944. And since you choose to criticize your own country in the letter that you send me, I must tell you how the French government admires the policy implemented by President Obama. As Minister for Industry, I am particularly sensitive to actions in favor of the relocation of manufacturing jobs in the United States and radical innovation. It is our policy that even some present with the parent inspired by your President.
You mention your intention to exploit the labor of some countries to flood our markets. I must tell you that this condemnable calculation and short-sighted and will sooner or later face a justified reaction (just as in the US). This is already the case in France with increasingly numerous allies in the Union European arguing for reciprocity of exchanges and organize against [exploitation of cheap labor]. In the meantime, rest assured that you can count on me to have the competent government agencies survey your imported tires with a redoubled zeal. They will ensure compliance with all standards particularly applicable to materials, environmental and technical.
I beg you to accept, Sir, the assurances of my highest regards.