Ef­forts con­tinue to lift Turk­ish em­bargo

Financial Mirror (Cyprus) - - FRONT PAGE -

Pres­i­dent Ni­cos Anas­tasi­ades said that his gov­ern­ment will con­tinue its ef­forts to­wards the lift­ing of the il­le­gal Turk­ish re­stric­tive mea­sures against Cyprus ship­ping.

In his ad­dress at the An­nual Gen­eral Meet­ing of the Cyprus Ship­ping Cham­ber in Li­mas­sol, Pres­i­dent Anas­tasi­ades said that his pres­ence at the meet­ing “man­i­fests the im­por­tance that the gov­ern­ment places on one of the main pil­lars of the devel­op­ment of the Cyprus econ­omy, its ship­ping in­dus­try”.

He also said that “the close co­op­er­a­tion be­tween the gov­ern­ment and the pri­vate ship­ping sec­tor will not only con­tinue, but will be en­hanced even fur­ther”, adding that Cyprus and its ship­ping in­dus­try “need to adopt a mod­ern and flex­i­ble ap­proach in or­der to adapt to the com­pet­i­tive in­ter­na­tional ship­ping en­vi­ron­ment”.

As such, he added, “the Cham­ber’s in­volve­ment in the for­mu­la­tion of the gov­ern­ment’s mar­itime pol­icy and its over­all co­op­er­a­tion and con­tri­bu­tion to­wards the con­tin­u­ous growth of the Cyprus Reg­istry and of the lo­cal ship­ping in­dus­try is sig­nif­i­cant and much ap­pre­ci­ated”.

In this re­spect, he said, “the Min­is­ter of Com­mu­ni­ca­tions and Works com­mis­sioned a study for the ‘Fu­ture of Ship­ping in Cyprus’ and es­tab­lished a steer­ing com­mit­tee to guide the process.”

The over­all ob­jec­tive of the study, the Pres­i­dent said, “is to de­velop a com­pre­hen­sive strate­gic devel­op­ment plan for the Cyprus ship­ping in­dus­try. The study has been very re­cently con­cluded and pro­poses strate­gic poli­cies that would strengthen the Cyprus Mer­chant Fleet and the Cyprus Mar­itime Clus­ter, hav­ing as a guide­line the short and long term benefits to the Cyprus Econ­omy”, he added.

He added that “the dis­cov­ery of hy­dro­car­bons in our Ex­clu­sive Eco­nomic Zone (EEZ) cre­ates new chal­lenges and op­por­tu­ni­ties for our ship­ping in­dus­try to fur­ther evolve and widen its hori­zons, cre­at­ing rel­e­vant syn­er­gies. New and vi­brant ship­ping and en­ergy projects can be launched and the rel­e­vant gov­ern­ment poli­cies will def­i­nitely in­clude this new ex­cit­ing per­spec­tive in mind, when be­ing de­vel­oped”.

Nonethe­less, he said, “we should not for­get that ship­ping is an in­ter­na­tional ac­tiv­ity and the free move­ment of goods and raw ma­te­ri­als world­wide is es­sen­tial for the eco­nomic devel­op­ment of any coun­try”.

In this re­spect, he noted, “the lift­ing of the il­le­gal Turk­ish re­stric­tive mea­sures against Cyprus ship­ping, in force since 1987, would cer­tainly have a pos­i­tive eco­nomic and po­lit­i­cal im­pact. My gov­ern­ment will con­tinue its ef­forts to­wards lift­ing the Turk­ish em­bargo, which will lead to great growth prospects of the Reg­istry and con­se­quently, the growth of Cyprus ship­ping in gen­eral”.

Re­fer­ring to the lat­est de­vel­op­ments as re­gards the econ­omy of Cyprus, Anas­tasi­ades said that “as a re­sult of the hard work by every­body and the con­sis­tency in im­ple­ment­ing the obligations we have un­der­taken un­der well-known con­di­tions, not only did we man­age to dis­prove the as­sess­ments and pre­dic­tions re­fer­ring to a to­tal col­lapse of the econ­omy, but at the same time we have suc­ceeded to re­store the in­ter­na­tional cred­i­bil­ity of our coun­try, to sta­bilise our bank­ing sys­tem and we are now in a course of re­cov­ery and exit from the coun­try’s eco­nomic ad­just­ment pro­gramme”.

“With de­ter­mi­na­tion, we



dif­fi­cult de­ci­sions and we im­ple­mented a very dif­fi­cult, but nec­es­sary, pro­gramme, with­out over­look­ing the so­cial role of the state. It is for th­ese ex­act rea­sons, that (on Fri­day) I an­nounced the fi­nal and com­pre­hen­sive lift­ing of the re­stric­tions in cap­i­tal trans­fers,” he said.

Pres­i­dent Anas­tasi­ades re­it­er­ated that growth of Cyprus ship­ping is one of the Cyprus gov­ern­ment. the sus­tain­able pri­or­i­ties of the

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