Israel & Cyprus signed the EEZ agreement in late December despite threats by Turkey that this would damage their relationships.

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The Israeli-Cypriot agreement explicitly shows how a relatively small power like the Republic of Cyprus, pursues strategies and forms strategic alliances that enhance its status in the region and protects its national and economic interests. Despite the fact that Cyprus has been trapped in a strategic deadlock for nearly four decades now, with the 37 per cent of its territory illegally occupied by Turkish military forces since 1974, the afore-mentioned agreements should be considered as positive developments and should be used as a paradigm for Greece.

Turkish intense reactions came as no surprise in the aftermath of the Cypriot-Israeli bilateral agreement.  In response, the Cypriot Ministry of Foreign Affairs issued a statement underlining that: “The recent Agreement on Delimitation of the Exclusive Economic Zone, which was co-signed by the Republic of Cyprus and the State of Israel, was within the framework of exercising the Republic's sovereign rights. Issues concerning the Republic of Cyprus and the exercise of its sovereign rights do not concern any third State. The conclusions of the recent EU Foreign Ministers Council, which were subsequently adopted by the EU Summit, reiterate the right of all Member States to exercise their sovereign rights”. At the same wavelength, Tel Aviv also condemned Turkish reactions stating that the agreement was signed between two sovereign states and Turkey has no legitimate right to condemn the bilateral agreement. The Israeli Minister of Infrastructure stated: “The signing reflects the close relations and ongoing cooperation between Israel and Cyprus”. Hence, the Republic of Cyprus has made steps that clarify its sea borders with third states which are by all means essential in protecting its right to oil and underwater natural gas in the near future. 

The former president of the Republic of Cyprus Tassos Papadopoulos, while in office between 2003 and 2008, suggested to the Greek leadership to sign an agreement which would unify the Greek and Cypriot Exclusive Economic Zones. Unfortunately, decision-makers in Athens would not take the initiative to the signing of the agreement. The undersigned argues that the unification of the Greek and Cypriot Exclusive Economic Zones is a strategic priority and must top the political agenda of both states, especially if we take into account that Kastellorizo , the southern-east-most of the Greek territory and which Turkey constantly accounts as part of the so-called grey-zone – and therefore not part of the Greek territory-, coincides with the Cypriot EEZ.

A future agreement between Greece and Cyprus regarding their economic zones will be held in the context of international law and sovereign rights of the two states and will contribute to the security and stability of the broader region of the Eastern Mediterranean. Turkey's increasingly aggressive behavior and expansionary policy over Greek islands in the Aegean archipelago would receive a serious blow and would be in the best national and economic interest of Greece as it would be in a position to benefit from underwater gas and oil reservoirs in its delineated  Exclusive Economic Zone.

Source: Research Institute for European and American Studies