Tweet
FRENCH FIRMS TO COUNT COST OF GENOCIDE LAW
EuroNews
Jan 24 2012
France
The Armenian genocide bill passed by the French parliament could hit
French companies doing business, or hoping to do business, with Turkey.
Previous legislation on the issue caused Ankara to block Gaz de
France's participation in the Nabucco gas pipeline.
But Inane Gurbuz, vice-president of the Franco-Turkish Chamber of
Commerce in Paris, said existing agreements will limit the effects:
"Turkey signed a customs union with Europe, in 1996. So it's difficult
for the Turkish government to prevent trade. This means that small and
medium sized French businesses will continue to import and export with
Turkey, as in the past. On the other hand, when it comes to bidding
for public contracts (in Turkey), this will handicap French companies,
which could be sidelined."
That means French firms stand to lose out in bids for defence contracts
and other major projects such as nuclear power stations.
Trade between the two was worth 11.5 billion euros in 2010 with a
trade surplus in France's favour approaching one billion euros.
From: A. Papazian
EuroNews
Jan 24 2012
France
The Armenian genocide bill passed by the French parliament could hit
French companies doing business, or hoping to do business, with Turkey.
Previous legislation on the issue caused Ankara to block Gaz de
France's participation in the Nabucco gas pipeline.
But Inane Gurbuz, vice-president of the Franco-Turkish Chamber of
Commerce in Paris, said existing agreements will limit the effects:
"Turkey signed a customs union with Europe, in 1996. So it's difficult
for the Turkish government to prevent trade. This means that small and
medium sized French businesses will continue to import and export with
Turkey, as in the past. On the other hand, when it comes to bidding
for public contracts (in Turkey), this will handicap French companies,
which could be sidelined."
That means French firms stand to lose out in bids for defence contracts
and other major projects such as nuclear power stations.
Trade between the two was worth 11.5 billion euros in 2010 with a
trade surplus in France's favour approaching one billion euros.
From: A. Papazian