France plays a major role in Turkish economy, Turkish Minister of Economy said.

“French companies provide a great number of Turkish citizens with employment opportunities. They have great contribution to the country’s economy,” Zafer Caglayan said.

“As for Turkish companies, they will have to decide whether to keep cooperating with French companies or not,” Turkish Minister said.

On January 23 the French Senate passed the bill with 127 votes for and 86 against.

On December 22, 2011, it was adopted by the French National Assembly. The bill will impose a 45,000 euro fine and a year in prison for anyone in France who denies this crime against humanity committed by the Ottoman Empire.

The bill is believed to take effect in France within two weeks, after it will be signed by President.