Cyprus and China are seeking to expand economic and business cooperation in investment, technology, shipping, tourism, renewable energy and local government, with new opportunities highlighted during the recent Cyprus–China Cooperation and Business Forum held at the Cyprus Chamber of Commerce and Industry (CCCI) in Nicosia.
Bilateral trade between Cyprus and China reached $1.44 billion in 2025, recording an annual increase of 26%, according to Chinese Ambassador to Cyprus Yang Yundong.
Addressing the forum, the Ambassador said China had become Cyprus’ fourth-largest trading partner and third-largest source of imports. He also noted that Cypriot products, including halloumi, zivania and juices, are increasingly finding their way into the Chinese market.
Yang highlighted considerable potential for further cooperation in shipping, tourism, green development and the digital economy, while emphasising Cyprus’ strategic role as a bridge between China and the European Union.
The Ambassador also pointed to emerging opportunities in China's economy, particularly in artificial intelligence, robotics and other innovative industries.
CCCI President Stavros Stavrou, whose address was delivered by CCCI Secretary General Philokypros Roussounides, emphasised the importance of transforming strong bilateral relations into concrete commercial partnerships.
Stavrou described Cyprus as an attractive gateway for Chinese businesses seeking access to the European single market, highlighting its strategic location at the crossroads of Europe, Asia and Africa, its skilled workforce, professional services and established legal and regulatory framework.
At the same time, he noted that China represents an important market for Cypriot businesses and a global centre for technology, innovation, manufacturing and investment.
Opportunities for cooperation
Nicosia Mayor Charalambos Prountzos outlined opportunities for cooperation with Chinese cities and companies in renewable energy, smart-city technologies and research.
The Mayor also announced that an agreement is scheduled to be signed on Friday, under the auspices of the Ministry of Education in Beijing, aimed at connecting academic and research institutions in Nicosia with counterparts in Chinese cities. Highlighting the capital's competitive advantages, he referred to its six universities, six centres of excellence and approximately 50,000 students.
President of the Union of Cyprus Municipalities and Mayor of Larnaca Andreas Vyras emphasised the importance of strengthening cooperation between local authorities in Cyprus and China.
He identified smart cities, waste management, urban planning and sustainable development as areas where municipalities face common challenges and could benefit from exchanging expertise.
Invest Cyprus Director General Marios Tannousis presented Cyprus' economic performance and growing attractiveness as an international investment destination.
He said the information and communications technology sector contributes more than €4 billion annually to the Cypriot economy, representing approximately 15–16% of GDP.
Tannousis also highlighted increasing foreign direct investment and the growth of shipping, education, financial services and tourism. He described Cyprus as a potential regional logistics, business and investment hub for Chinese companies seeking access to the European Union, the Middle East and North Africa.
Cyprus–China Business Association President Theodoros Parperis emphasised the opportunities for expanding bilateral trade and investment.
He highlighted Cyprus' geographical advantages, business-friendly environment and growing professional and digital services sectors as important factors for Chinese companies considering regional expansion.
Parperis said the Association has more than 200 members and continues to promote business relations through trade missions, conferences and networking events in both countries. He also announced preparations for a new initiative in China, expressing hope that it would take place soon.
(Source: CNA)
