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Green line trade on the rise

Turkish Cypriots saw a 20% rise in goods sold to Greek Cypriots over the first four months of 2017, in comparison with the same period last year.

According to a Turkish Cypriot Chamber of Commerce (KTTO) report, Turkish Cypriot sales to the south of the island via the Green Line have reached €1,678,831 from January to the end of April.

The monthly income average from trading with the Greek Cypriots for the first four months of 2017, amounts to €417,707 when the first four months are compared. The monthly average comes as a continuation of a five year trend.

In 2013 the average monthly sales to the south were worth €284,000, in 2014 €340,000. But 2015 saw a lull in the trend with income from trading with the south dropping to €276,000, only to pick up again in 2016 with sales reaching €347,000.

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The years which were the most profitable for Turkish Cypriots trading with the south were 2008 and 2009 with sales reaching €7.1 million and €6 million respectively.

And 2008 was quite successful for trade with the south of the island, as that year the potato sales to Greek Cypriots were worth more than €1 million.

Potato sales were halted the following years, as the Turkish Cypriot potatoes were found not to be up to EU standards.

Previous yearly revenues from trade with the Greek Cypriots were €5.3 million in 2011, €4.1 million in 2012, €3.9 million in 2013, €3.6 million in 2014, €3.9 million in 2015.

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