Chamber leaders highlight benefits of a solution
The leaders of the Greek Cypriot and Turkish Cypriot chambers of commerce have highlighted the economic benefits of a solution during a joint interview.
Cyprus Chamber of Industry and Commerce (KEVE) President Phidias Pilidis, and Turkish Cypriot Chamber of Industry (KTTO) Chairman Fikri Toros told the Turkish Cypriot Bayrak radio station that the cooperation between the two chambers had played an important role towards building peace on the island.
Pilidis said resolving the Cyprus issue would benefit all sectors of the economy and that the island would become a major investment centre in the region.
He estimated that per capita income would increase 70% in 20 years. Toros said the benefits “would be immense”. “One cannot expect to compete in an environment of political instability. With reunification, the island will become a centre of economic prosperity,” he said.
Meanwhile, Finance Minister Haris Georgiadis emphasised that huge opportunities and perspectives will emerge with the reunification of Cyprus both in local and international levels on economy.
Speaking to the daily Politis, Georgiadis said: “I will only say one thing, Turkey has the 18th largest economy in the world and it is right beside us” and added “a solution will provide opportunities to access Turkish markets “
Furthermore, Georgiadis said, “we will evaluate our participation in Europe together with the Turkish Cypriots; our excellent geographical position and the advantages of our economy”.
The Minister indicated that new investment opportunities, cooperation and partnerships will be established. He also added that solution of the Cyprus problem and the establishment of economic and commercial relations with Turkey will expand their perspectives such as maritime, service, tourism and energy sectors.