The bulk of the negotiations is over, but the conclusion of this highly anticipated contract – the Rafale has yet never been sold abroad – is not yet official: Egyptian President and French State representative must sign the document next Monday
Wednesday, however, a source close to the matter suggested. that the negotiations stumbled again. “Yesterday (Tuesday), they sent us questions. We are working with the answers we going to do, “stated the French source, indicating that this represented” several days of work “and that he” should not have an agreement this week ” . Tuesday, again, the French Defense Ministry announced “several more days of dialogue.”
“Never seen”
But, according to the World , most of the contract was concluded on Thursday, after a final week of dealings, particularly on financial matters. The contract would eventually be 5 billion euros. A defense source, quoted by the newspaper, called “never-seen” the speed with which the agreement was concluded, three months.
export successes are crucial to the manufacturer Dassault Aviation, in order to sustain the production line of the device, as with the French State must agree otherwise in purchase a certain number of copies while the defense budget is already calculated at more closely.
According to Les Echos, the agreement provides that the Coface French credit insurance agency , guarantees 50% of the order, unless payment of the deposit, which generally represents 15% of this type of contract. Cairo, who originally wanted a guarantee for 90% of the amount excluding payment, would have agreed to review its claims downward, said Wednesday the newspaper said.
VIDEO. Commented Rafale demonstration at Le Bourget in 2013
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