States having recognized Armenian Genocide, Turkey increase turnover
Economy
13:21 09/02/2012

States having recognized Armenian Genocide, Turkey increase turnover

 Turkish mass media is washed by a story claiming that “Due to Genocide recognition turnover increases.” T’s reported that Turkey has increased turnover with those countries which have recognized Armenian Genocide.

Particularly, “Haber3” Turkish news site referring to ANCA and OECD statistics introduces a list of increased turnover ratings with those countries having recognized Armenian Genocide.

When in 1981 US President Ronald Reagan described the massacre of Armenians as genocide, Turkey-USA turnover increased by 10%.

The chart below introduces chronicle of recognizing Armenian Genocide and the economic turnover.

State

Year of recognition

Trade volume growth

Belgium

March 26, 1998

+ % 174

Canada

April 21, 2004

+ % 148

France

January 29, 2001

+ % 257

Greece

April 25, 1996

+ % 399

Italy

November 17, 2000

+ % 126

Lebanon

May 11, 2000

+ % 126

Netherlands

December 21, 2004

+ % 66

Russia

April 14, 1995

+ % 912

Slovakia

November 30, 2004

+ % 298

Sweden

March 29, 2000

+ % 33

Switzerland

December 13, 2003

+ % 6

Uganda

March 26, 2004

+ % 85

 

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States having recognized Armenian Genocide, Turkey increase turnover