Turkish Cypriot
Chamber of Commerce

Brussels Representation Newsletter
 

ISSUE 22, 11 May 2016

KTTO publishes Europe Day Message


World peace cannot be safeguarded without the making of creative efforts proportionate to the dangers which threaten it.”

These words of the then French foreign minister Robert Schuman in his declaration made on the 9th of May 1950 which laid the first foundation of today’s European Union have never been more valid than now. Not only for the EU itself which is confronted with serious challenges; migration, security, rise of extremism and financial instability among others, but also for the settlement of the long standing Cyprus problem. READ MORE

 

KTTO and TOBB sign action plan in preparation for full application of the acquis in North Cyprus

On the 9th of February 2016, the Turkish Cypriot Chamber of Commerce (KTTO) and the Union of Chambers and Commodity Exchanges of Turkey (TOBB), signed an action plan for the business communities’ effective adaptation to the new circumstances that would arise with the full application of the EU acquis communutaire in North Cyprus, following a comprehensive settlement in Cyprus.  

The plan involves actions aiming to protect the interests of the Chambers’ member enterprises by ensuring the enhancement of bilateral trade relations and maximization of economic opportunities under the circumstances that would be presented by the application of the acquis in the whole island.  READ MORE
 

Toros re-elected as President of KTTO

On the 4th of April, 2016, the Turkish Cypriot Chamber of Commerce (KTTO) elected its new Executive Board for the term 2016-2018. Fikri Toros, the incumbent President, was re-elected unanimously by the members of the Chamber’s Assembly.

In his keynote speech delivered at the Chamber’s Annual General Meeting, Toros underlined the importance of private-sector driven economic growth as the essential element of achieving a competitive and sustainable economy and stated that achieving this goal will remain to be the Chamber’s priority. Acknowledging the instrumental role of the EU harmonization process in reaching this objective, Toros emphasized that the Chamber would continue spare no effort in preparing the member enterprises for a prospective reunified Federal Cyprus and the EU single market. READ MORE


 


The EC task force responsible for the Turkish Cypriot Community undergoes a name change, becoming “Support for the solution of the Cyprus problem”

Following the transfer of the “Task Force for the Turkish Cypriot Community” from the Commission’s Directorate-General for Regional Policy to the Secretary General’s Structural Reform Support Service (SRSS), on 13 April 2016, the EU Commission decided to change the unit’s name to “Support for the solution of Cyprus problem”. The decision will take effect on the 1st June 2016 and will be subject to re-evaluation on the 17th February 2017 at the latest.
 
Following KTTO’s inquiries at the European Commission as regards to these developments, the Chamber was informed by the Commission that these changes were made solely for consolidation purposes, in order to enable better coordination of all the Commission’s efforts in facilitating the process for the reunification of Cyprus. As a response to the Chambers’ concerns on the changes, the Commission underlined that its obligations with respect to the Turkish Cypriot Community would remain unchanged and the direct engagement with the Turkish Cypriot Community representatives would be maintained. READ MORE



The Chamber publishes its report entitled “Negotiation process and the Turkish Cypriot economy in a Federal Cyprus”

"KTTO continues its efforts to prepare the business community for the EU single market"

KTTO sponsored report entitled “Negotiation process and the Turkish Cypriot economy in a Federal Cyprus” is finalized and presented on the 12th of February 2016 in Nicosia, with the participation of distinguished guests.
The report presents an overview of the current state of the main economic sectors in North Cyprus and identifies the main issues that need to be dealt with in order to be prepared for the EU single market, following a comprehensive settlement in Cyprus.
 
The report presents an overview of the current state of the main economic sectors in North Cyprus and identifies the main issues that need to be dealt with in order to be prepared for the EU single market, following a comprehensive settlement in Cyprus. Focusing on the agriculture, construction, trade, tourism, education, transport and communications sectors, the report makes recommendations on the actions to be taken for a post-settlement competitive economy.
Preparing the Turkish Cypriot economy and its member enterprises for the EU single market is a priority for KTTO, and by sponsoring the report the Chamber aimed to contribute to the work of all stakeholders involved in making the EU harmonization process a success.
 
For the summary of the report (in Turkish), please click here
The report is currently available only in Turkish but its English version will  also be available on our website soon.

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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