Turkish Cypriot 
Chamber of Commerce
Brussels Representation Newsletter
 
Issue 25, March 2, 2017




KTTO at the Geneva Summit

 
The high level summit to resolve the long-standing Cyprus conflict, took place during 9-11 January 2017, under the auspices of the United Nations in Geneva. The summit was followed by the convention of the Cyprus Conference which was held on January 12, with the participation of the guarantor powers, Turkey, Greece and the United Kingdom. Jean Claude Juncker, the president of the European Commission, and Federica Mogherini, the high representative of the EU for foreign affairs and security policy, were present at  the Conference as observers.
On behalf of the Turkish Cypriot business community, Fikri Toros was in Geneva to echo the voice of the Turkish Cypriot private sector enterprises to the representatives of international media, diplomatic corps and to the negotiators, aiming to contribute to the successful outcome of the summit.  READ MORE
 
Euronews brings us an exclusive coverage on Cyprus

Whilst the efforts to reunite Cyprus based on a mutually agreed settlement continue, Euronews insiders team visited Cyprus and spoke to people on both sides of the divide on their hopes, concerns and expectations with regard to the reunification of the island. Property, security and economics of a comprehensive solution were among the issues discussed. For the whole coverage, please click here.
 
In his interview with Valerie Gauriat at Euronews, Fikri Toros, President of the Turkish Cypriot Chamber of Commerce, highlighted the significant economic benefits of a reunified Cyprus, emphasizing that the island which was free of political and legal risks and uncertainty would be an ideal destination for foreign investments. He underlined however that the political settlement to be reached should provide for the economic security of the Turkish Cypriot Community, not least for ensuring the viability of economic integration on the island. For the full interview, please click here.
 


Toros speaks at European Policy Centre

 
At the event organized by the European Policy Centre on November 22, 2017, Fikri Toros, President of the Turkish Cypriot Chamber of Commerce, offered his insights into the Cyprus settlement process and outlined how a solution could be an economic win-win for all Cypriots, for the region and beyond. Also drawing attention to the implications of yet another failure in solving the Cyprus problem, Toros talked about the business community’s expectations from the EU, emphasizing the urgency of taking the necessary measures to prepare the Turkish Cypriot economy for the EU single market. READ MORE
“PDO registration process of Hellim/Halloumi in the EU should be dealt with a vision and prospect of a unified Cyprus and to the economic benefit of both Communities on the island” 

 
With the recent completion of the Greek Cypriot Government’s consultations with the parties opposing to the registration of Hellim/Halloumi as protected designation of origin (PDO) in the EU, the European Commission is now at the final stage of its usual PDO evaluation process prior to making its decision on the file. If the European Commission decides that the arguments put forward by the objectors are not legally justified, Hellim/Halloumi will be ready to be registered.  However, The EU Commission’s proposal on the issue, which provides the legal basis for the operation of PDO in North Cyprus, safeguarding the interests of the Turkish Cypriot dairy producers, is yet to be adopted by the EU Council since July 2015.
 
Commenting on the issue, Fikri Toros said “For the Common Understanding reached between the two leaders in Cyprus to be fully respected, the adoption of the proposal by the Council of the EU is essential. It is with this crucial step that the political understanding between the two leaders will be fully transposed into law and the economic interests of our dairy producers will be safeguarded”. Urging for adoption of the proposal by the Council, he emphasized that all sides concerned should work towards ensuring the successful registration of Hellim/Halloumi as a PDO to the economic benefit of both Communities.
 “This issue presents a great opportunity to foster economic cooperation and reconciliation between the two Communities on the island and should not be squandered” he emphasized. Referring to the potential benefits of geographical indications for boosting income and creating jobs in rural areas, he said “The successful registration of Hellim/Halloumi will not only enable all Cypriots enjoy the economic and social benefits of PDO but will also serve as a significant confidence building measure, contributing to the settlement process in Cyprus” he concluded. READ MORE
About Us

Established in 1958, the Turkish Cypriot Chamber of Commerce (KTTO) is an internationally-recognized organization, representing the Turkish Cypriot business community at home and abroad.  READ MORE
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