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Cyprus Targets International Services Market

24 November 2005

Cyprus Workshop
More than 50 key ministerial staff and representatives of different professional service providers and exporters attended both workshops
With trade in global services being valued at over US$2.5 trillion, the Government of Cyprus has joined a list of industrialised countries tapping into that market.

With assistance from the Special Advisory Services Division (SASD) of the Commonwealth Secretariat, the Ministry of Commerce, Industry and Tourism conducted two workshops from 14 to 18 November 2005, aimed at further improving the capacity of the private and public sectors.

More than 50 key ministerial staff and representatives of different professional service providers and exporters attended both workshops, in which issues related to accessing and developing markets for professional services were addressed.

Participants focused on challenges facing exporters and the public sector, opportunities for Cyprus's professional services sector, networking, alternative routes to markets, and the development and execution of marketing strategies, among other topics.

Andreas Sofocleous, Cyprus's Director of Trade, says venturing into international markets is a big and often complex task. He said experience has shown that the Cypriot entrepreneur possesses what it takes to succeed internationally in a wide and sometimes surprising range of services and industries.

"Our role as a Ministry is to support their efforts, locate and create opportunities for the goods and services they produce, and assist in their promotion," Mr Sofocleous stated.

The Trade Director stressed the importance of working together to explore and locate the business opportunities that exist internationally, to further expand and diversify the country's export of goods and services.

The Secretariat's trade adviser, Andrew Satney, says that this programme is in keeping with the overall objective of the SASD to improve the export competitiveness of Commonwealth member countries. He noted that the keen interest displayed by all participants at the workshops suggested that Cyprus will take advantage of the rapidly expanding trade in global services.

 

CNIS - Commonwealth News and Information Service Issue 262, 23 November 2005

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