Nicosia, Cyprus. The Cyprus International Business Association (CIBA) has joined the European Confederation of International Trading Houses Associations (CITHA), saying the move will strengthen Cyprus’ presence in Europe’s international trade network.
Membership and expected benefits
CIBA, which represents internationally active businesses operating from Cyprus, said the membership is expected to open new prospects for Cypriot companies with international activity through closer cooperation, the exchange of know-how and participation in European initiatives aimed at supporting open and competitive markets.
Joint statement by association leaders
In a joint statement, CITHA president Jan Kruckemeyer and CIBA president Vasilis Demetriades said CIBA’s accession reflected a shared commitment to strengthening international trade cooperation in Europe and supporting businesses operating in global markets. They added that closer cooperation between European trade associations and internationally active companies could help bolster Europe’s competitiveness and reinforce its position in the global trading system.
Opportunities for Cyprus’ international business community
CIBA said the move would create fresh opportunities for cooperation, knowledge-sharing and participation in European initiatives aimed at improving the resilience and competitiveness of international trade.
Cyprus as a bridge to other markets
The association said the collaboration is expected to reinforce Cyprus’ role as a bridge between Europe, the Middle East and other international markets, citing the island’s strategic geographical position.
Role of CITHA and CIBA’s broader aims
CITHA represents associations of international trading houses and companies active in global trade, promotes cooperation among its members and supports a strong European international trade ecosystem. CIBA said the move aligns with its broader aim of promoting international entrepreneurship, enhancing business competitiveness and strengthening Cyprus’ position as a reliable business and trade hub.
How do you think CIBA’s membership in CITHA could affect Cypriot companies operating internationally?