BETWEEN 2011 AND 2017, R&D AND INFRASTRUCTURE HAVE BECOME ASSETS TO LEVERAGE WHILE PERCEPTION OF THE TAX SYSTEM HAS FURTHER WORSEN Attractiveness for foreign investors ASSETS TO LEVERAGE WORKFORCE, CE GEOGRAPHIC SITUATION ANFR AND INFRASTRUCTURE OF ON TI POSI IMPROVEMENT PRIORITIES COST, LABOR LEGISLATION, TAX SYSTEM AND ADM. PROCEDURES IMPORTANCE OF CRITERION Criteria in 2011 Criteria in 2017 Note: Position of France = % strengths - % weaknesses, Importance of criterion = % very important - % not important 15 Source : AmCham-Bain Barometer, Bain analysis