Overview

• Manuel Valls announced a comprehensive draft law to combat high living costs in French overseas territories, set to be presented before summer 2025.
• The law will focus on reducing reliance on imports, fostering local production, and integrating overseas territories into regional markets.
• Key measures include stricter sanctions for businesses failing to meet obligations and increased transparency in economic practices.
• The government pledged €10 million to support businesses affected by the 2024 protests over food prices in Martinique, which are often 40% higher than in mainland France.
• The draft law incorporates elements from previous legislative proposals by overseas parliamentarians to reflect local priorities.