Following a successful official visit to China by President Nicos Anastasiades and his team, the president said that Cyprus and China could work together in many areas including tourism, technology, education and trade. He announced that a total of fifteen visa application centres would be set up with the aim of facilitating easier access to Cyprus by business people and tourists alike. Apart from the Republic of Cyprus Embassy in Beijing there are no consular facilities available elsewhere in China which is a great inconvenience and obstacle to increasing trade and tourism. The president also commented on the strategic position of Cyprus which could become the bridge to connect Asia, North Africa and Europe. The privatisation, upgrading and further development of the Port of Limassol would clearly pay a key role in this and tendering from interested parties is underway including one from the Chinese company COSCO an experienced shipping operative. The president expressed optimism that their (COSCO’s) experience would stand them in good stead in the tendering process although he could not offer any guarantees.
According to the president of the Cyprus Investment Promotion Agency (C.I.P.A.) keen interest in the areas of real estate, ports and energy had been evident during the meetings that took place during the president’s visit.
The government’s Investment Citizenship scheme is bound to attract some wealthy Chinese investors who will see it as a gateway to Europe for themselves and their families along with access to European education and universities.
The President of the People’s Republic of China, Xi Jinping and his wife, have just concluded a state visit to the United Kingdom. The main deal between the two countries is for a £6 billion investment by a Chinese state company for a new nuclear reactor to be built in Somerset. Other investments included £12 billion in various gas and oil ventures. In addition a cybersecurity pact was signed by the two countries whereby they agree not to spy on each other nor to condone such acts on intellectual property or corporate information.
Sources: www.theguardian.com, www.cna.org.cy, hubii.com, www.in-cyprus.com.
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