European Union
In 1962, one year after the British applied for membership, Cyprus asked the European Community for an institutionalized arrangement given their heavy dependence on British exports and the prospect of losing the preferential tariff rate. However after the British withdrew their application, Cyprus interest remained dormant until 1972 when the British admission into the community was certain. The agreement was delayed due to the Turkish invasion of Cyprus in 1974, as it had disastrous effects on the Cyprus economy. The agreement was finally signed in 1987.
What is important to note about Cyprus’ application for membership is that it was made on behalf of the entire population of the island. Turkish Cypriots challenged the application, but the community rejected their argument, as the EU followed suit with the UN in refusing to recognize the Turkish Republic of Northern Cyprus. It was only after the Commission opinion of June 1993 that Turkish Cypriot authorities decided to cooperate.
Cyprus accession to the EU was particularly desirable due to its geographic location, as its position as Europe's last outpost in the eastern Mediterranean is of significance for symbolic and security interests. Cyprus’ links to the Middle East are also of significance to the EU, as it serves as a cultural, political, and economic link to this significant geopolitical region. Furthermore, Cyprus is headquarters to many multinational firms. It is thus its location, accessibility to educated managerial and technical staff, combines wit its excellent transportation, communication, and legal networks that serve an asset to the EU.
Read more about this topic: History Of Nationality In Cyprus
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