Cyprus International Business Association joins European Confederation of International Trading Houses

The Cyprus International Business Association (CIBA) has officially joined the European Confederation of International Trading Houses Associations (CITHA). The accession was confirmed in a joint statement by CIBA president Vasilis Demetriades and CITHA president Jan Kruckemeyer. The primary objective of this membership is to foster cooperation, facilitate the exchange of know-how, and support European initiatives aimed at competitive markets. Both organizations stated that this partnership intends to bolster the competitiveness of the European trading system on a global scale. For the local business community, CIBA expects that the move will create new opportunities for international engagement and knowledge-sharing. Furthermore, the collaboration is intended to leverage Cyprus' geographical location to serve as a bridge for trade between Europe and the Middle East. No specific financial details regarding the membership were disclosed in the announcement.