TITLE

CYPRUS: GEARING UP FOR CHANGE

AUTHOR(S)
Martin, Josh
PUB. DATE
May 2003
SOURCE
Middle East;May2003, Issue 334, p38
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
With formal welcome into the European Union (EU), Cyprus stands to reap major economic and political benefits. But EU membership also presents significant challenges, both to Cyprus and its non-EU neighbors. For Cyprus, as with its fellow Mediterranean island nation, Malta, EU membership will probably mean the end of most indigenous agriculture and manufacturing industries. In Cyprus, for example, wineries will no longer be able to market domestic "sherry" and much of the country's textile industry will probably disappear, apart from a handful of boutique operations. "Cyprus will bring the European Union to the Eastern Mediterranean and the shores of the Middle East and Israel," says Glafkos Clerides, former president of Cyprus, and a leading proponent of EU membership. The Cypriot membership is unique: It is still technically a war zone. The capital city, Nicosia, remains divided by barbed wire and UN peacekeeping forces. EU membership dramatically increases its political and military security, while opening new markets for economic expansion.
ACCESSION #
9811047

 

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