(Bloomberg) -- The French government will meet with business leaders Tuesday evening to instruct them to begin preparing for all Brexit scenarios, including no deal between the European Union and the U.K.

Secretary of State Agnes Pannier-Runacher will tell business leaders at a closed-door meeting at the finance ministry to identify measures to take to limit the impact of Brexit and begin alerting their suppliers, officials at the finance ministry said. Even if France is still working to avoid a no deal Brexit, the time has come to prepare for that possibility, the officials said.

The French government is particularly concerned that small businesses are not prepared for Brexit, while large companies have long had contingency plans in place. Around a quarter of France’s 120,000 exporters ship goods to the U.K., and customers of British service providers could also be impacted.

The administration has set up a telephone hot-line and email address for businesses to seek advice on how to prepare. But the government has no estimation of the potential costs to businesses and has not pledged any financial aide for struggling companies, the officials said.

In a booklet that will be distributed at Tuesday’s meeting, the government lists examples of measures companies may need to take after assessing their exposure and depending on how Brexit talks proceed. They include:

  • Contact British and French authorities to get information on how to ensure mobility of employees
  • Diversify suppliers and adapt distribution to take into account new customs procedures
  • Renegotiate contracts with U.K. suppliers to allow for customs duties
  • Repatriate activities to the EU, depending on sectors
  • Change intellectual property rights to designate the U.K. as a separate entity
  • Repatriate personal data stocked in Britain and check where suppliers process or stock data
  • Request transfer of financial contracts to entities in the EU

To contact the reporter on this story: William Horobin in Paris at whorobin@bloomberg.net

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Zoe Schneeweiss, Brian Swint

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