Economy category powered by

CCCI & KTTO support efforts to improve Green Line trade

The Cyprus Chamber of Commerce and Industry (CCCI) and the Turkish Cypriot Chamber of Commerce (KTTO) have reaffirmed their support for all efforts aimed at the bilateral improvement of Green Line trade.

At the same time, a press release from the CCCI said, they call on the Greek Cypriot leader and the Turkish Cypriot leader to contribute to this effort.

Both chambers said they are pleased to share their commitment to maintaining their lasting cooperation regarding the implementation of Green Line trade since 2004 and utilizing every opportunity to improve such cooperation.

Especially in 2022, they note that trade across the Green Line showed a significant increase.

CCCI and KTTO, as the most representative business institutions of the Greek Cypriots and Turkish Cypriots, “are aware that the improvement and development of relations between the two communities can be further enhanced through the increase of economic relations and trade”.

Hence, both parties appreciate the contribution of increased Green Line trade to the improvement of dialogue, relations and cooperation between them but also to the efforts for a viable solution of the Cyprus problem.

The two chambers “declare their consensus and commitment to continue their support in eliminating bilateral bureaucratic challenges related to Green Line trade in order to promote further convergence between Greek and Turkish Cypriots”.

Furthermore, the provision of more benefits to stakeholders from both communities will help to strengthen confidence between them which is an essential requirement for the solution of the Cyprus problem, they underline.

Cyprus has been divided since 1974, when Turkey invaded and occupied its northern third. Repeated rounds of UN-led peace talks have so far failed to yield results. The latest round of negotiations, in July 2017 at the Swiss resort of Crans-Montana ended inconclusively.

(Source: CNA)

Read More

Services turnover value up in three sectors in Q3 2023
Cyprus aims to enhance economic cooperation with the US, President says (pics)
US entrepreneurs learn about Cyprus’ untapped business potential (pics)
Get ready for 'The Most Paradoxical Magical Festive Season' at Paradox Museum Limassol
CUT and Thammasat University sign cooperation agreement
Fiscal Council calls upon government to maintain debt-deficit trend, starting with 2025 budget
Stella Kammitsi: Trusts are not limited to the rich and famous
Claudio Pascualucci: Our aim is to consolidate and strengthen our already positive trade relationship
Industrial Production Index shows increase of 2.5% in September
A spotlight on ORA Developers’ distinctive hospitality ventures