They will face each other on Saturday for a place in the World Cup semifinals and have not met at a major tournament since they drew in the group stage of Euro 2012.
France won the World Cup with a stellar run in Russia four years ago but Lloris said it was the England squad that has more tournament experience than the reigning champions.
"If we compare both sides, there were more English players here who were at the World Cup in Russia than France players," Lloris told a news conference on Friday.
"England reached the semifinals at the last World Cup and were runners-up at the Euros, there's been a real progression. This team is ready to compete for trophies. They were unlucky at the last Euros, they were close, but they're here to win.
"In our side there are changes, there's a new generation of players ready to compete playing in the best clubs in Europe. It's a good mixture of experience and young players, we're getting stronger step by step."
Lloris has spent the last decade playing in England with Tottenham and said he would be sharing what he has learned from playing in the Premier League with his teammates.
"Some of us play and train with the English players on a daily basis. If we can help our teammates with knowledge from playing with the clubs, we do," Lloris added.
"They [England] are good on set pieces, they're tall, they have players who can take good free kicks. We have to be very strong, but our attack has what it takes and can make it difficult for them."
France manager Didier Deschamps who has won the World Cup with Les Bleus as a player and coach, said he did not see many weaknesses in the England team but they did have some "slightly less strong points."
"Pace is often one of the keys -- when you are quick then the opponents have less time to get organised. But you need more than just pace to score goals," Deschamps said ahead of the game at Al Bayt Stadium.
"You can stop a lot of things but it is very difficult to stop someone very quick, especially in transitions.
"England are very strong in transitions -- more than half of their goals have come from quick counter-attacks. But they have other qualities too -- they have technical ability, the capacity to score goals and ability on set-pieces."
The spotlight has been on how forward Kylian Mbappe, the tournament's top scorer with five goals, will fare against the England defence, with Kyle Walker saying he "won't roll out the red carpet" for the forward when they square up.
"I'm sure England will have prepared to face him but Kylian is in a position to make a difference," Deschamps added.
"Even in his last match he wasn't at his best, not in top form but still decisive [scoring twice in a 3-1 win against Poland]. We have other players that can be dangerous as well."