Overview

• Manuel Valls has announced a draft law to combat high living costs in French overseas territories, set to be proposed before summer 2025.
• The legislation will address structural economic issues, including reducing import dependency and promoting local production to foster economic transformation.
• Key measures include combating monopolistic practices by dominant distribution groups and increasing transparency in economic activities with stricter penalties for non-compliance.
• The law builds on prior proposals by overseas parliamentarians and aims to better integrate these territories with their regional markets.
• A €10 million financial aid package will support businesses affected by the 2024 protests over high food prices, which are up to 40% higher than in mainland France.