Trade is vital to the Cypriot economy as it imports fuels, most raw materials, heavy equipment, transportation equipment and even water (to help ease a shortage in recent years). In May 2004, Cyprus became a full member of the European Union, reflected by the fact that more than 50% of its trade is with the EU. Thanks to its strategic position in the Eastern Mediterranean, the island serves as a crossroads between Europe and Asia, and 20% of its trade is with Middle Eastern countries. Cyprus has the fourth-largest ship registry in the world.
Global logistics players are co-operating with local players, in order to enhance their worldwide services. Through technology innovations and continued streamlining of their international distribution networks, Cyprus is particularly active in the filed of logistics and transport.
We advise multinational corporations and others procuring or outsourcing their logistics needs. We also advise logistics service providers in all their areas of business as well as other providers to the logistics industry including commodity traders. Our experience covers a diverse range of cargo, from iron and construction materials, newspapers and food, jewellery, pharmaceuticals and other. Our team maintains transport law and regulation expertise and is well fit to advise players in the logistics industry on all risk and operational issues throughout the supply chain.