economic cooperation — The focus keyword, economic cooperation, is at the heart of recent discussions between Cyprus and Canada. Finance Minister Makis Keravnos met with Ontario’s Minister of Economic Development, Victor Anthony Fedeli, to explore avenues for strengthening ties between the two nations.
During their meeting, which took place in Nicosia, the ministers delved into enhancing bilateral relations, particularly in trade and investment. An announcement from the finance ministry highlighted their agreement on the importance of fostering closer economic ties, which would benefit both countries.
Keravnos and Fedeli acknowledged the already robust relationship between Cyprus and Canada, recognising the potential for further collaboration. Fedeli praised the performance of the Cypriot economy, noting its growing attractiveness for investors. He expressed a keen interest in expanding trade and encouraging greater investment activity in Cyprus.
Keravnos reciprocated, thanking Fedeli for his commitment to exploring investment opportunities in Cyprus. He emphasised the island’s strategic position as a gateway for investments into the European Union, which could be advantageous for Canadian firms looking to enter the European market.
Both ministers shared a vision of a mutually beneficial partnership, with discussions reflecting their intention to reinforce economic and commercial relations moving forward. The meeting underscored the shared goals of both nations to foster a thriving economic environment through enhanced cooperation.
