A New Chapter in Cross-Community Trade

A New Chapter in Cross-Community Trade

Facilitating and Bridging Commerce

On October 2, the European Commission, in coordination with the Cyprus Chamber of Commerce and Industry (CCCI) and the Turkish Cypriot Chamber of Commerce (KTTO), launched a One Stop Shop service. This initiative aims to assist Greek Cypriots and Turkish Cypriots engaged in or interested in participating in lawful trade across the Green Line. Located in Nicosia on Georgiou Griva Digeni Avenue, close to the CCCI offices, this office provides information and technical support for commercial transactions facilitated by the Green Line Regulation. Under this regulation, products verified as being of Cypriot origin are permitted to be imported into the free areas without VAT—whether for sale or for export abroad.

Mario Nava, Director-General for Structural Reform Support at the European Commission, in an interview with OffsiteNews and Konstantina Hajiandrea, shed light on bicommunal trade. He revealed an upcoming integration of a list of products into the Green Line Regulation, highlighting that “the trade of goods contributes to peace and a better understanding between the communities.” He also mentioned that on November 20, he will visit Cyprus to inspect the One Stop Shop's operations and officiate its inauguration.

Meanwhile, he touched on the agreement reached regarding the construction of the Pyla road, noting that the European Commission will not be involved in its construction. Concerning the aid program for the Turkish Cypriot community, he disclosed that a seven-year program is being implemented. Additionally, he spoke about the development of a bicommunal solar park in the buffer zone, currently undergoing a feasibility study.

Nava also clarified the Green Line Regulation concerning fuels. He emphasized that while a citizen is allowed to fill either their car's fuel tank or carry a 10-liter fuel container into the free areas, it is prohibited to do both simultaneously—one must choose between the two options.

For Turkish Cypriots, Mr. Nava made clear following a directive from the Central Bank Governor to all banks that Turkish Cypriots with a residence in areas not controlled by the Republic of Cyprus are entitled to open bank accounts in Greek Cypriot banks.

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