EU considers Turkish Cyprus deal

The EU has agreed a new trade policy to soften the 30-year-old embargo on the unrecognised Turkish Republic of Northern Cyprus (TRNC).

    Run-down border crossings may soon witness brisk trade

    Officials in Brussels look set on Thursday to permit goods produced in the TRNC to be sent tax-free across the Green Line to the Greek Cypriot south - which joins the EU on 1 May.

    Goods will then be distributed to the rest of the 25-nation bloc without restrictions or tariffs.

    The proposed deal has to be ratified at a meeting of EU justice and interior ministers in Luxembourg on Thursday.

    The decision is likely to be seen as a reward for Turkish Cypriots, who - despite voting last week to back a UN peace plan to reunify the divided island - will remain isolated.

    In contrast, Greek Cypriots overwhelmingly rejected unity in a separate referendum.

    No Greek Cypriot input

    The proposed EU deal will mean that goods genuinely manufactured in northern Cyprus and "economically justified" can be exported tariff-free.

    Trade would be regulated and authorised by the European Commission - not the Greek Cypriots authorities.

    The EU already pledged to release almost €260 million in aid to help end the economic isolation of the breakaway Turkish Cypriot state, which is recognised only by Turkey.

    Cyprus has been divided since 1974, when Turkish troops invaded the north following a Greek-backed coup in Nicosia.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Survivor stories from Super Typhoon Haiyan

    Survivor stories from Super Typhoon Haiyan

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    We Are Still Here: A Story from Native Alaska

    We Are Still Here: A Story from Native Alaska

    From Qatar to Alaska, a personal journey exploring what it means to belong when your culture is endangered.