Year of Establishment: 1992
Chairman representing Turkey: Nazım Hikmet
Company: Grand Thornton / Eren Bağımsız Denetim ve Ymm A.Ş.
Counterpart Organisation: Kıbrıs Türk Ticaret Odası - The Chamber of Commerce of Turkish Cyprus (KTTO)
Counterpart Chairman: Turgay Deniz
Company: Chairman of the Kıbrıs Türk Ticaret Odası
The DEİK/Turkey-Turkish Republic of North Cyprus (K.K.T.C.) Business Council was originally established in 1992. On 14 November 2009 the then Deputy Prime Minister of the Republic of Turkey, Cemil Çiçek, and the then Prime Minister of the Turkish Republic of North Cyprus, Derviş Eroğlu, signed the “Turkey-K.K.T.C. Business Council Action Plan” at the Cyprus Chamber of Commerce in Nicosia with the purpose of restructuring the Council. Its main task, carried out with the support of the Embassy of the Republic of Turkey in Nicosia and the Office of the Trade Commissioner, was to help reform the inadequate investment legislation and improve the infrastructure. The Council worked on the establishment of joint working committees for tourism, food, construction, foreign trade and education (higher education) which should serve as basis for the advancement of bilateral ties. Another task of the Council is to lend strategic support for the opening up of the K.K.T.C.’s industry and private sector to international trade and the conditions of global competition.