22/4/16

The President of the Republic receives the credentials of the Ambassador of the Republic of Philippines


The President of the Republic receives the credentials of
the Ambassador of the Republic of Philippines


The President of the Republic, Mr Nicos Anastasiades, received today, at a formal ceremony, at the Presidential Palace, the credentials of the Ambassador of the Republic of Philippines to the Republic of Cyprus, stationed in Athens, Mr Nestor Z. Ochoa.

Presenting his credentials, Ambassador Ochoa said:

“Excellency,

It is my honor and great pleasure to present the letter of credence signed by H.E. Benigno Simeon Aquino III, President of the Republic of the Philippines.

Cognisant of the strong friendly relations between the Philippines and Cyprus that have celebrated their 35th anniversary last year, I am positive that these relations will continue to deepen during my tenure.

Our bilateral relations shall be made even stronger by continuing our high level exchanges of visits, which we hope to facilitate further by signing a visa waiver agreement for diplomatic and official passport holders.

I hope that our two countries will continue to pursue our common goals for the betterment of our country and our peoples as we open more opportunities for closer cooperation in the international arena.

I wish to convey our appreciation to the Government of Cyprus for their efforts to work closely with the officials of the Philippine Embassy based in Athens, the Philippine Honorary Consulate and the Philippine overseas labor office in Nicosia in promoting the well¬being of 13,800 Filipino workers who are valued worldwide for their skills, professionalism and positive work ethic.
I am pleased to inform your excellency that the Philippines has been performing well economically in recent years, and has not been beset by the economic crisis that has brought many problems to a number of countries in the world.

The Philippines support the ongoing negotiating effort aiming at a comprehensive and mutually agreed settlement of the Cyprus problem, in accordance with the relevant UN Security Council Resolutions and the High Level Agreements, a settlement which will reunify Cyprus and will safeguard the human rights of all Cypriots.

The Philippines is also undergoing crucial changes, as elections for the new President is scheduled next month. My countrymen in Cyprus have been participating in the electoral process through postal voting. We are particularly thankful to the postal system in Cyprus for ensuring the delivery of mails to our embassy in Athens.

I am confident, that as committed as I am, the newly elected President and his cabinet, will continue the upturn of the Philippine economy, further strengthen its democratic institutions and broaden its engagement with allied countries like Cyprus.

I look forward to working closely with the Government and people of Cyprus in sustaining the gains from the ongoing cooperation between our two countries”.

Receiving his credentials, the President of the Republic said:

“Excellency,

It is with great pleasure that I receive today your Letters of Credence, appointing you as the new Ambassador of the Republic of the Philippines to the Republic of Cyprus. Please accept my congratulations for your appointment and my sincere wishes for every success during your tenure.

Cyprus and the Republic of the Philippines established diplomatic relations in 1980 and they continue sharing cordial and friendly relations at the political, economic and cultural levels.

At the same time, the Philippines citizens who reside and work in Cyprus have contributed significantly to the development of the mutual understanding between the peoples of the two countries, thus promoting people-to-people contacts and exchanges.

There is much room to expand bilateral relations between Cyprus and the Philippines. In this respect, I firmly believe that our bilateral relations can be further enhanced by expanding our cooperation in the commercial, investment, tourist, energy and maritime fields.

The excellent political climate in the Cypriot-Philippine relations is reflected also in our cooperation within the Asia-Europe Meeting (ASEM) framework.   Furthermore, Cyprus, as an EU member state, will continue to support the further enhancement of the EU-Philippines relations.   

Excellency,

The Cypriot economy is now emerging out of its most challenging period to date. Last month, Cyprus has managed to successfully complete the implementation of the macroeconomic adjustment programme that was agreed with EU Institutions and IMF in March 2013. With vision, detailed planning and prudence and with the responsible stance and hard work of the Cypriot people, we made it possible to restore the credibility of the state and the country’s financial sector, faster than anyone could have predicted three years ago.   I can proudly and confidently state that Cyprus has become a success story of economic reform.

The combination of the resilience of the productive sectors of our economy with a very determined effort of economic reform and fiscal consolidation was key to this success.
The last three years are a prime example of what can be achieved. In the first three months of 2013 the economy registered negative growth rate of -5.7 per cent that peaked at -6.5 per cent in the second quarter of the same year.   Today, after almost four years of recession, the Cyprus economy returned to positive economic growth rates by registering GDP growth of +1.6 per cent in 2015. Furthermore, in March 2013, the fiscal deficit was between five to six per cent of GDP, while by the end of 2015 the government managed not only to cover the deficit but also to record a primary surplus of 2.5 per cent of GDP.

Furthermore, the Government policies and measures have resulted in the stabilization of the financial system which was confirmed by the positive results of the pan-European stress tests of the Quality of Assets and Resilience under adverse situations. With a restructured and fully recapitalized banking sector - mainly through important international investors - fiscal imbalances permanently addressed, and a program of radical structural reforms, Cyprus has managed to access the international capital markets much earlier than any other programme country.

Looking ahead, we are confident that the economy will be on solid ground in the medium and long term. The completion of the country’s adjustment programme is not the end of the road.   We still need to tackle significant challenges and continue our policy of changes, reforms and rationalisation of public finances in a serious manner, sharpen our competitive edge and attract foreign direct investments. Our ultimate goal is to achieve sustained growth and prosperity for all Cypriots.

Excellency,

Since May 2015 we are engaging in intensive negotiations to reach a comprehensive settlement of the Cyprus problem. While a common understanding on an important number of issues has been reached in the negotiating table, there are still remaining differences in all chapters and we have yet to embark on substantive discussions in a number of core issues.

At the same time, there are also issues on which even if we reach a common understanding, the complexities associated with their implementation require time and careful planning.

Thus, it is vital to be well-prepared and present to the people a clear Plan, so as to avoid reaching a solution with considerable gaps or ambiguities that will negatively affect its viability.

On my behalf, I would like to reiterate my sincere willingness and determination to work tirelessly to achieve a settlement based on a bi-communal, bi-zonal federation with political equality, as set out in the relevant Security Council Resolutions, the High Level Agreements and the Joint Declaration of February 2014, with a single international legal personality, a single sovereignty and a single citizenship. A viable and functional solution in line with the European Union acquis, values and principles; a European solution that will safeguard the human rights and fundamental freedoms of all Cypriots.

It is our sincere hope that Turkey, an occupying force in Cyprus, will demonstrate genuine political will to reach a settlement, not via rhetoric assurances, but through the adoption of concrete steps which will positively underpin the negotiating process and the climate of hope prevailing in the island.  

Your Excellency,

In welcoming you to Cyprus, I would like to assure you, once more, of the support of my Government to your valuable mission during the execution of your High Duties. Moreover, I kindly ask you to convey a message of genuine friendship   and  good   will  to  the President of the Republic of the Philippines, H.E. Benigno S. Aquino III, and also to the well-being of the friendly people of the Philippines”.

Present at the ceremony were the Minister of Foreign Affairs, Mr Ioannis Kasoulides, the Head of Presidency at the Presidential Palace, Mr Kypros Kyprianou, and the Chief of Protocol, Mr Marios Kountourides.
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