North Cyprus chamber goes to Brussels as Green Line trade falters

North Cyprus Chamber of Commerce is in Brussels this week for discussions with European Commission officials about the Green Line regulation and other economy-related issues.
Whether it will come away with anything significant improvements to Green Line trade is another question.
Regulation 866/2004, to give it its proper title, was the EU regulation passed on 29 April 2004, just days after 76% of Greek Cypriots rejected and 65% of Turkish Cypriots accepted the reunification plan known as the Annan Plan, and just days before the Republic of Cyprus joined the EU as full members.
There is a misperception that the Green Line regulation was invented to reward North Cyprus, Turkish Cypriots for voting yes. This is not the case, although it was more or less true of the direct trade and financial aid regulations.

BY MARY CURRAN, FT

27.02.2010

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