Gus Bilirakis: “Mr. Speaker, in the past, our Nation has pledged its support to developing free, market democracies. The United States…”

“Mr. Speaker, in the past, our Nation has pledged its support to developing free, market democracies. The United States should consider offering trade incentives to Cyprus to allow the manufacturing sector to increase, the labor market to improve, and the infrastructure to modernize. I also welcome efforts in Congress to maintain the traditional $15 million earmarked for Cyprus. This money funds projects aimed at reunification and reducing tensions between the two communities on Cyprus. I pledge my total support to building a strong trade relationship between the United States and the Republic of Cyprus. The continued growth of their economy will provide for a more stable country, which is a key ingredient in the peace process. Mr. Speaker, the island has seen a tremendous amount of growth over the years mostly from tourism. However, the heart of Cyprus' potential growth has yet to be tapped. Hundreds of international firms recognize that the island's $15,000 per capita gross domestic product and the high education level of its people make Cyprus an ideal location for their regional headquarters.”