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Thursday, April 10, 2008

EU wants to amend 'Green Line Regulation' to boost trade

"EU wants to amend 'Green Line Regulation' to boost trade

10/04/2008

…personal value of goods to increase to EUR 260

The Commission adopted a proposal for a Council Regulation amending the 'Green Line Regulation' to further facilitate trade on the island of Cyprus. The proposal provides for a general lifting of duties on agricultural products originating in the northern part of Cyprus when being traded across the 'Green Line'. So far duties had to be paid for a variety of agricultural products causing financial and administrative burden for Turkish Cypriot traders."

More:Financial Mirror