Three hundred million a year spending Greek Cypriots in the occupied territories and 100 million Turkish Cypriot controlled areas in the Republic of Cyprus, according to research on trade across the "green line", presented at a ceremony given by the European Commission in Cyprus. According to the investigation Cyprus imports from Turkey 20 million Euros.
The Cypriot business was over that of the regulation of the European Union on trade through the "green line". Main reason for the VAT. The occupied territories are not considered "Tuesday" country and so dealers are not entitled to reimbursement of the tax. Since the customs union between Turkey and the European Union, benefit indirectly and Cyprus, although not adopted the protocol of Ankara, for free access to Turkey, the Cypriot aircraft and ships.
Cyprus is exporting to Turkey, services and other products such as cigarettes, which are transported mainly through Romania. Cyprus imports from Turkey 20 million. The 14 million spent on cars and the rest for other products such as clothing, raw materials, including oil. Greek Cypriots and Turkish Cypriots economists showed evidence for trade between free and occupied areas, a seminar given by the European Commission in Cyprus.
The figures were based on surveys:
- On both sides
- At Larnaca airport
- Seven in barricades,
- And the commercial credit card transactions.
In 2009 trade between the two sides reached 345 million while in 2010 to 324 million euros. In 2010 visited the Occupied 675 000 Greek Cypriots and Turkish Cypriots 1,438,000 free areas. Also, 217 thousand tourists went from free to occupied areas. 10% of tourists visiting Cyprus, go to the occupied territories. Of these, 75% of daily trips and 25% staying in hotels. The Turkish Cypriots spend 85 euros per person per visit in the free areas, while the corresponding figure for the Greek Cypriots in the occupied territories is 60 euros.
In 2010, 228 000 cars went to the Greek Cypriot occupied and 513 000 in the Turkish Cypriot controlled areas. As explained in the CBC economist Costas Apostolides some products are shipped to third countries and appears to be exported, such as brandy and returned to Lebanon to Cyprus as eisagomena.
forgive some of the wording its from google traslate.
