Cypriot government and EU Commission extend Green Line regulation
Nicosia, Feb 4 (CNA) --The European Commission and the Cypriot government reached here Thursday a preliminary agreement extending the Green Line regulation on trade between the two communities of the island, a press release issued by the Commission's Representation in Cyprus says.
The Commission ''expects that through the agreement new initiatives will be taken by the business community to conclude trade deals,'' noting its satisfaction with the progress made with regard to the opening of two more crossing points in Zodia, west of Nicosia, and Ledras Street in the old town of capital Nicosia.
Both sides will now contact with the Luxembourg Presidency to further formalise the agreement.
Describing yesterday's meeting constructive, the Commission notes that ''both sides have agreed on a more flexible procedure to include products for such trade,'' adding that ''the regulatory framework has therefore become more conducive to daily business practice.''
According to the Commission, both wholly obtained goods and processed goods originating in the northern part of the island (Turkish-occupied areas) fall under the scope of this trade, while ''obstacles in the trade for agricultural products such as citrus will be removed.''
Furthermore, the ceilings for travellers crossing the Green Line will be increased, covering goods for personal use of a total value of 135 EURO could cross, one litre of spirits and forty cigarettes.
''The Commission expects that through the agreement new initiatives will be taken by the business community to conclude trade deals,'' the press release says, adding that a business portal under the Partnership for the Future Programme to facilitate matching of business interests will soon be launched.
The Commission also noted with satisfaction the progress made towards the opening of two new crossing points, Astromeritis (Zodia) and Ledra Street, adding that Under the EU sponsored de-mining programme for the Buffer Zone, mine clearing in the Astromeritis area will start soon.
''This is an important step towards the actual realisation of this crossing point,'', the press release adds.