ECONOMY MINISTER MEETS EXECUTIVES OF FRENCH COMPANIES IN TURKEY.

IntelliNews
Jan 30 2012

Economy minister Zafer Caglayan had a meeting with the executives of
more than 30 French companies doing business in Turkey over a recent
French law which makes it a crime to deny the killing of Armenians
under Ottoman rule is genocide. There are around 400 French companies
in Turkey, employing roughly 100,000 people, according to data from
the French embassy in Ankara. Those French companies include Renault,
Peugeot, Lafarge, Carrefour, Danone, Axa, Groupama, BNP Paribas.

General manager of Renault-Mais, Ibrahim Aybar, said that he believed
politics would not affect French companies' businesses in Turkey.

Turkey's reaction to the French Senate's passage of the bill was
harsh. Local media reported that the Turkish government considers
sanctions against France, such as banning French companies from public
tenders. Meanwhile president of Renault Carlos Ghosn said that economic
sanctions would hurt the company if implemented but he did not expect
such measures from the Turkish government.