This is a best prospect industry sector for this country. Includes a market overview and trade data.
The area administered by Turkish Cypriots has potential for high value horticulture and processed food exports. Most local producers currently lack the knowledge and resources to meet EU sanitary and phyto-sanitary standards/regulations to facilitate access to the EU market, creating opportunities for sophisticated partners. A pipeline from Turkey supplies ample water to the northern areas of Cyprus.
Leading Sub-Sectors and Opportunities
Food processing and Exports
In April 2021, the European Commission granted Protected Designation of Origin (PDO) status to the Cypriot Halloumi (Greek)/Hellim (Turkish) cheese, including cheese produced in the area administered by Turkish Cypriots. TC Hellim exports are currently worth over 35 million dollars (30 million euros) annually, some 40 percent of all Turkish Cypriot export value, and there is significant opportunity to grow. Turkish Cypriot producers lack adequate supplies of sheep and goat milk to comply with the PDO rules in large volumes, as well as production equipment and practices necessary to meet EU sanitary and phytosanitary standards. The area administered by Turkish Cypriots sometimes produces surplus citrus, potatoes, and carob that could be processed into finished products for the domestic market or export abroad. The export of cereals and animal feed (chickens, cows, and goats/sheep) to the area administered by Turkish Cypriots is also a possible growth market for U.S. exporters.