From the News
EP COMMITTEE DIRECT TRADE
The European Parliament Committee on Legal Affairs approved on Monday
with 18 votes in favour, five against and one abstention the opinion of
the European Parliament`s Legal Service, that the legal basis of the
Commission`s regulation on direct trade between the EU and Cyprus`
Turkish occupied areas is wrong and that the proper legal basis is
Article 1(2) of the Treaty of Accession`s Protocol No 10 between Cyprus
and the EU, signed in April 2003.
The Committee rejected by majority the postponement of the relevant
discussion and endorsed the opinion of the EP`s Legal Service.
The decision of the Committee will be evaluated by the Conference of
Presidents, consisting of the President of Parliament and the political
group chairmen, in view of the political decisions to be taken on the
regulation.
Cyprus has been divided since 1974 when Turkish troops invaded the
island.
The Republic of Cyprus joined the EU on May 1, 2004.
The government of Cyprus considers the direct trade regulation to be
legally wrong, since it would mean trade with the areas of the Republic
of Cyprus on which the government does not exercise effective control
and has declared closed after the Turkish invasion in 1974.