CLEAN : Turkish Cypriots push private sector despite embargo

The video discusses the economic and logistical challenges faced by Northern Cyprus due to UN-imposed embargoes, including difficulties in exporting goods and receiving direct flights. In 2009, there were no support programs for SMEs and craftsmen. The government offers tax-free incentives for construction materials, but the economy struggles due to currency devaluation and high foreign exchange rates.

What are the main challenges faced by Northern Cyprus due to UN embargoes?

• Lack of natural resources

• Difficulty in exporting goods and receiving direct flights

• Political instability within the region

• High unemployment rates

In 2009, what was notably absent in Northern Cyprus for SMEs and shopkeepers?

• International trade agreements

• Tourism incentives

• High taxation rates

• Government support programs

What tax policy does the government of Northern Cyprus implement for construction materials?

• Subsidized import costs

• Variable tax rates based on material type

• Tax-free importation

• High import duties

How does the fluctuation of the Turkish lira affect Northern Cyprus's economy?

• It causes economic instability

• It boosts export competitiveness

• It reduces import costs

• It stabilizes the local market

Which currency is mentioned as being high compared to the Turkish lira?

• Swiss franc

• Japanese yen

• Canadian dollar

• U.S. dollar, euro, and pound