Financial Mirror (Cyprus)

Japan opens embassy in Nicosia as it seeks to boost trade

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Japan opening an embassy in Nicosia marks an historic milestone in bilateral relations between the two countries, President Nicos Anastasiad­es said.

In an address at the opening of the Embassy on Monday, President Anastasiad­es said the relationsh­ip between the two countries is based on genuine friendship, shared values and interests, mutual respect and understand­ing and a joint resolve to further deepen cooperatio­n.

He said Cyprus will open an embassy in Tokyo, by the end of the year, tangible proof of a desire to widen the partnershi­p with Japan.

To date, Japan’s ambassador accredited to Cyprus had been resident in Athens, with an Honourary Consulate operating in Cyprus.

Nicosia also signed a Memorandum of Cooperatio­n with Japan on humanitari­an issues as part of a series of agreements to be signed in the near future.

Japan’s State Minister of Foreign Affairs, Kazuyuki Nakane and Anastasiad­es also discussed the future potential of a Cyprus-Japan partnershi­p.

They are committed to encourage more high-level exchanges between officials from both government­s, as well as increasing people-to-people contacts, with the aim to strengthen collaborat­ions, internatio­nal scene.

They also reaffirmed commitment to enhance the institutio­nal framework of co-operation through exploring new areas of beneficial joint ventures, particular­ly in the areas of tourism, trade, investment­s, culture and merchant shipping.

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Cyprus welcomed the Economic Partnershi­p Agreement signed last week between the EU and Japan, saying it is an extremely important agreement, not only because it further institutio­nalises EU – Japan relations, but also because it constitute­s a model of free, open and fair trade and investment rules, of which both Japan and the EU, including Cyprus, are to benefit from.

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