The Azerbaijan State News Agency

ECONOMY

Vusal Gasimli: Senate resolution is blow to French interests in South Caucasus

Vusal Gasimli: Senate resolution is blow to French interests in South Caucasus

Baku, November 27, AZERTAC 

“On November 18, a group of senators under the influence of the Armenian diaspora and the lobby submitted a draft resolution No. 145 on “The need to recognize the Nagorno-Karabakh Republic" to the Presidium of the French Senate. After the discussion, it was adopted on November 25. The resolution adopted under the influence of the Armenian lobby also shows that new realities in the region are not accepted,” said Executive Director of the Center for Analysis of Economic Reforms and Communication of Azerbaijan Vusal Gasimli.

“In fact, Azerbaijan is France's largest trading partner in the South Caucasus. 2/3 of the total trade turnover of France in the South Caucasus accounts for Azerbaijan. The total volume of trade between Armenia and Georgia with France is two times less than the trade turnover of Azerbaijan with France. According to the information for 2019, Azerbaijan's exports to France amounted to 537 million US dollars, and the value of goods imported from France was 251 million US dollars. For comparison, in 2019, Armenia's exports to France amounted to only 8.72 million US dollars, and the value of goods imported to Armenia from France was 82.95 million US dollars. In terms of exports to France, Azerbaijan is 62 times ahead of Armenia and in terms of imports from France - 3 times. This imbalance in the trade turnover shows that the French Senate, contrary to the basic principles of the republic, gives preference to Armenian patronage, rather than pragmatism and justice.”

Vusal Gasimli noted that positive dynamics have been observed in the trade turnover between Azerbaijan and France. “In 2019, exports from Azerbaijan to France increased by 21.5 percent compared to the previous year, and imports by 37 percent. France, with a share of 4 percent ranks 11th among the countries to which Azerbaijan exports. With a share of 1.83 percent it also ranks 12th among the countries from which Azerbaijan carries out imports. The products that Azerbaijan imported from France in 2019 include trains, railway and metro equipment, essential oils, perfumes and cosmetics, medicines, nuclear reactors, electrical equipment, cars, furniture, lighting products, etc. By its decision, taken under the influence of the Armenian lobby, the French Senate weakens the positions of its companies in Azerbaijan. Besides, the same senators receive salaries from taxes paid by French companies, which annually sell products worth 200-300 million dollars in the Azerbaijani market, participate in tenders worth billions of dollars. Thus, it turns out that the French Senate is busy cutting down the branch on which it sits. It is hard to understand the senators who create difficulties for French companies in Azerbaijan and Turkey with consumer market of 10 million and 83 million, respectively. Such French companies that sell their products in the Azerbaijani market, such as Michelin, Renault, Citroen, Peugeot, Tefal, Loreal, Dior, Lancome, Yves Saint Laurent, Louis Vuitton, Lacoste, Chloe, Chanel, Nina Ricci, Cartier, Givenchy, Garnier, Danone, Activia, President, Perrier, Evian, Elle & Ville, Doux must explain to the Senate that they pay tax to the French budget for the sake of the interests of their country, and not of Armenian fanaticism.”

According to Vusal Gasimli, Azerbaijan is also the country that attracts the most French investments in the South Caucasus. “More than 50 French companies operate in Azerbaijan in various fields: energy (Total), transport (Alstom, Thales, Iveco, Systra), environment (Suez CNIM), agriculture and food (Lactalis, Danone), hospitality (ACCOR), banking (Societe Generale), aviation and space industry (Airbus, Thales). French companies participated as contractors in projects in Azerbaijan that worth 6.2 billion US dollars. From 1995 to 2019, French companies invested 2.2 billion dollars in the economy of Azerbaijan with 2 billion dollars accounting for the oil sector and 194.1 million - the non-oil industry. The volume of Azerbaijani investments in France amounted to 224.7 million US dollars. In 2004-2018, French companies completed orders for Azerbaijan worth 2.3 billion dollars. French companies are further interested in economic relations with Azerbaijan. In particular, given that French companies have great potential in post-conflict construction in Azerbaijan, the Senate resolution puts them in a difficult position. These companies should explain to the French public, parliamentarians and the government that excessive Armenian patronage deals a devastating blow to French interests in the South Caucasus.”

Vusal Gasimli said that the French company Total has a 5% share in the Baku-Tbilisi-Ceyhan project and 50% in the offshore territory of Absheron. “The French company Total participates in oil and gas projects in Azerbaijan and Armenia targets these projects and organizes missile attacks. Total should explain to the French parliament and government that France's multibillion-dollar investments in Azerbaijan are threatened by Armenia. In July of this year, Armenia attacked not only the territory of Tovuz, but also the Baku-Tbilisi-Ceyhan project, in which Total is a shareholder. Azerbaijan protects from Armenian fascism not only the integrity of its territory, but also the infrastructure that is important for the energy and transport security of Europe. Was that the reason why the French Senate passed a resolution? So why does France, trying to present itself as a political leader in Europe, displease Azerbaijan, which plays a significant role in the energy and transport security of Europe? The creation of tension in the South Caucasus is contrary to the vital interests of France and Europe,” he said.

Gasimli also noted that the French Senate’s decision, which does not possess legal force and the ability of real influence, opposes the national interests of France. “If France does not want to lose its influence in the region completely, it must correctly regulate its relations with Azerbaijan - a geostrategic player in the South Caucasus. Azerbaijan is the main guarantor of peace and security in the South Caucasus. If France's interests in this region are also related to peace and security, then the only solution for it is the cooperation with Azerbaijan. Otherwise, France will be the losing party. France should not sacrifice its national interests to Armenian patronage,” he added.

 

Share news on social media

Follow us on social network

Azerbaijani pavilion launched at 60th Venice Biennale

Baku hosts inauguration of FIG Rhythmic Gymnastics World Cup 2024

Azerbaijan’s National Olympic Committee hosts meeting with Bahamas Olympic Committee Vice President

Press release on the outcomes of the 8th meeting of the State Commission on the Delimitation of the State Border between the Republic of Azerbaijan and the Republic of Armenia, and the Commission on the Matters of Delimitation of the State Border and Border Security between the Republic of Armenia and the Republic of Azerbaijan

Azerbaijani FM informs Algerian ambassador about current situation in the region

Azerbaijan, Italy discuss multifaceted strategic partnership

® Bakcell CEO meets with journalists in Khankendi

® Registration for Azercell-supported "Techcell" hackathon is now open

Dubai airport limits arriving flights amid storm backlog

NASA greenlights 2028 launch for epic Dragonfly mission to Saturn's huge moon Titan

® Global Finance Names the Innovators 2024: Kapital Bank has been awarded the prestigious “Best Use of AI in Digital Transformation” award

Lille's Yusuf Yazici goes down in club history, but Aston Villa make Europa Conference League semis

Azerbaijani shooters to compete at ISSF Final Olympic Qualification Championship

"Azerbaijan Airlines" becomes member of ACI Europe

Azerbaijani FM, Palestinian PM discuss situation in Gaza

ANAMA: Large amount of military ammunition found at farm in liberated Khojavand district

IRENA 14th Assembly highlights deployment of renewable energy sources in Africa

Public hearings on objections raised by Azerbaijan at International Court of Justice conclude

Baku Airport once again awarded Skytrax

Baku to host diplomacy academies’ meeting of Organization of Turkic States

Azerbaijani table tennis player grabs bronze at WTT Youth Contender Luxembourg 2024

Baiba Braze appointed Latvia's foreign minister

Delegation of Azerbaijani Central Election Commission to monitor elections in Maldives

Sony, Apollo discuss joint bid for Paramount, says source

® Azercell announces Crisis Management Group Project

Kazakhstan manufactures over 30,000 vehicles in Q1 2024

Turkish AI defense firm secures investment at valuation of $12.5M

Kenya’s military chief dies in a helicopter crash

Apple says it was ordered to pull WhatsApp from China app store

WHO warns growing spread of bird flu to humans is 'enormous concern'

Azerbaijan, CICA discuss prospects for partnership within COP29

Netflix adds 9.3 million new subscribers, beats expectations

Azerbaijan attends Ankara Industrial Cooperation Days in Defense and Aerospace

"Caspian Sky-2024" joint tactical exercise conducted

Azerbaijan`s pavilion to showcase at 60th Venice Biennale

Fenerbahce exit Europa Conference League after loss to Olympiacos on penalties

AzInTelecom joins United Nations Global Compact

AI for Earth: How NASA’s artificial intelligence and open science efforts combat climate change

391 people die of cholera, dengue fever in Sudan

Azerbaijan, International Dialogue Centre discuss prospects for cooperation

SOCAR and ACWA Power forge cooperation for Low Carbon / Green Fertilizer Project

Oil prices go up in global markets

Azeri Light crude dips to $88

Iran sanctions: US and UK extend measures against Tehran

Azerbaijan`s Milli Majlis hosts scientific conference on "New Caledonia: History, contemporary challenges and expected future”

Chair of New Caledonian Congress Committee: COP29 will contribute to addressing global climate change problems

Dubai Food Festival 2024 set to begin April 19

Google fires 28 employees for protesting Israel cloud deal

® Azercell participates in ADA Employability Week

Azerbaijan`s Milli Majlis and New Caledonian Congress sign MoU on cooperation VIDEO

Azerbaijan is a genuine example for us, says Chair of New Caledonian Congress Committee VIDEO

New Caledonian Congress member thanks Azerbaijan for support VIDEO

Azerbaijan, Türkiye discuss prospect for agricultural cooperation

Turkish minister: Baku-hosted COP29 session is important for entire world

® Transfer your loans to Kapital Bank and get a loan without cash withdrawal commission

Head of Azerbaijan's State Service of Special Communication and Information Security explore opportunities for cooperation with his Romanian counterpart

Azerbaijani NGOs and residents of Karabakh and East Zangezur send open letter to Norwegian Nobel Committee

SpaceX launches 23 Starlink satellites into space

Azerbaijani judo referee to officiate at Paris 2024 Paralympic Games

® Azercell hosts the GSMA M360 Eurasia in Baku for the second time

Azerbaijan explore prospects for social security cooperation with Türkiye and Moldova

New Caledonian delegation visits Baku Initiative Group office

Possibilities for cooperation between Baku Higher Oil School and higher educational institutions in Uzbekistan discussed

Azerbaijani female chess players to fight for glory at European championship in Greece

Tsunami alert after a volcano in Indonesia has several big eruptions and thousands are told to leave

The Last Caravaggio review – a gripping and murderously dark finale

Azerbaijan, Ukraine discuss COP29-related issues

The Oslo Statement creates new challenges on people development

71 killed, 67 injured in rain-related accidents in Pakistan

French police evict hundreds from abandoned Paris warehouse ahead of Olympics

Azerbaijan, Pakistan discuss educational cooperation

Azerbaijani military pilots professionally conduct training flights VIDEO

Azerbaijan’s Energy Minister embarks on visit to US

Protests, heightened terror threat mean tight security at Eurovision Song Contest in Sweden

Azerbaijan to promote its culture in Spain

Fenerbahce to host Olympiacos in Conference League quarterfinal 2nd leg

Two Azerbaijani gymnasts into final of FIG Apparatus World Cup

Azerbaijan, EBRD discuss green energy partnership in Abu Dhabi

New Caledonian delegation visits Heydar Aliyev Center VIDEO

31 years pass since the Bashlibel tragedy, one of the bloodiest pages of our history

Oil prices go up in global markets

U.S. Department of State responds to AZERTAC's inquiry

Combined Arms Army’s Air Force holds tactical-special exercise, Defense Ministry

Azerbaijani oil price declines in global markets

Bayern Munich, Real Madrid advance to UEFA Champions League semifinal

Cabinet of Ministers convenes to address implementation of order on electric vehicle promotion

Azerbaijan names 18 boxers for European Championships in Belgrade

Potential priorities and plans of Azerbaijan`s CICA chairmanship in 2024-2026 discussed

® Kapital Bank OJSC's bonds placed at Baku Stock Exchange

AZAL and DFS Aviation Services agree to modernize Lachin Airport

Action plan related to designation of city of Shusha as 'Youth Capital of Organization of Islamic Cooperation' to be prepared - ORDER

International Renewable Energy Agency’s 14th Assembly continues with panel sessions

New Caledonian delegation visits NAM Youth Organization’s headquarters VIDEO

Over 90 pct of Sudanese school-age children deprived of formal education due to conflict: UNICEF

Chair of New Caledonian Congress Committee visits St. Mary's Catholic Church in Baku VIDEO

Submissions open for 2nd Silk Road Global News Awards

‘New Caledonian people highly appreciate Azerbaijan’s support’

Former No. 1 pick Blake Griffin retires after 14 seasons

‘Revenues from Azerbaijan’s transport sector increased by 15 per cent’

Around 40 new epidemics recorded each year in West African sub-region