Economy category powered by

Commission launches new ‘EU One Stop Shop' to boost Green Line trade in Cyprus

The European Commission has launched the new ‘EU One Stop Shop Supporting Green Line Trade and Businesses' (EU OSS) service in Nicosia.

According to a Commission’s press release, the EU OSS is designed to provide information and technical assistance to businesses and individuals who are, or are interested in trading across the Green Line in Cyprus.

Commissioner for Cohesion and Reforms Elisa Ferreira pointed out that Increasing Green Line trade is one of the Commission's priorities in Cyprus, noting that Green Line trade brings people and businesses together and offers important economic opportunities for businesses from both communities

“By fostering trade, we can help to build trust and confidence among the two communities,” she added.

The ‘One Stop Shop' is expected to provide easy access to valuable information on procedures for Green Line trade to both Greek Cypriot and Turkish Cypriot producers and traders. It will also inform on the EU standards and requirements that Turkish Cypriot products need to comply with when they are placed on the EU market. The service will employ experts who speak Greek, Turkish, and English, will offer a new trilingual website, and will organise networking events for producers and traders.

Green Line trade is governed by the EU's 2004 Green Line Regulation, which sets out the terms in which people, goods and services can cross the Green Line. This is the line between the government-controlled and the non-government-controlled areas of Cyprus.

The ‘One Stop Shop' is financed from the EU aid programme for the Turkish Cypriot community, which aims to facilitate Cyprus' reunification. The EU has allocated €688 million to the aid programme since 2006.

(Source: CNA)

Read More

Meeting between Cypriot and Greek professionals to promote business
Aristidis Vourakis reveals AstroBank is going against the trend and opening a new branch
One in two Cypriots finds it easy to start a business, survey finds
Dep. Minister to the President: Cyprus needs to double green investments
Foreign Minister in Brussels for General Affairs Council
Health Ministers of Cyprus and Greece discuss cooperation on transplants
No official announcements after Christodoulides-Chinese Ambassador Vasiliko terminal meeting
Limassol Chamber Director Christos Anastasiades retires
Digital Policy Minister to attend Brussels Telecommunications meeting
Energame: Creating a Vibrant ICT Community