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Cyprus settlement could open trade routes for Turkey

Should the peace talks in Cyprus result in the island’s reunification, the Turkish economy could benefit from Nicosia's close ties in the eastern Mediterranean.

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Turkey's President Recep Tayyip Erdogan (R) and Turkish Cypriot leader Mustafa Akinci inspect the honor guard during a visit to North Cyprus, July 20, 2015. — REUTERS/Harun Ukar

Turkish President Recep Tayyip Erdogan on July 20 expressed full support for the UN-sponsored peace talks in Cyprus, speaking at a ceremony in the Turkish Cypriot north of the long-divided island to mark the anniversary of Turkey’s 1974 intervention.

Mustafa Akinci, president of the Turkish Republic of Northern Cyprus (TRNC) since April, met with Greek Cypriot leader Nicos Anastasiades immediately after his election victory. The swift resumption of peace talks between the two sides came as a sign of their desire for a settlement.

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