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France-Turkey genocide law could be bad for business

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France-Turkey genocide law could be bad for business


A deterioration of the relationship between Turkey and France over the French genocide bill may be political and economic.

Turkey is France’s sixth largest export market, and even if there are no official sanctions, ordinary Turks could boycott French goods on their own.

One such person is this man in Istanbul who said he would not be buying French: “I was planning to change my car. I’m a former Renault sales representative. After the decision of the French parliament, I’ve changed my mind. I won’t buy a French car.”

Diplomatic ties are already under strain with the recall of Tahsin Burcuoglu, Turkish ambassador in Paris, and the country’s Deputy Prime Minister Bulent Arinc condemning France on Twitter.

Inal Batu, a Turkish former ambassador to Rome supported economic retaliation: “Friendship is a matter of decades. We are friends and allies of France, but this is a huge blow to our relationship. Let’s hope that common sense prevails in the senate and this law is blocked. It’s clear what should be done. The Turkish government must find ways to sideline French companies from big contracts, and I’m sure it will.”

Speaking on French radio Europe Minister Jean Leonetti said talk of economic fallout is hot air because as a member of the World Trade Organisation Turkey would not be allowed to discriminate because French political decisions.

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