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20-10-2020 18:37

A Memorandum of Understanding on cooperation in Science and Technology was signed between Cyprus and the USΑ

The Deputy Minister of the Republic of Cyprus, Mr Kyriacos Kokkinos, and the US Under Secretary of State for Economic Growth, Energy and the Environment, Mr Keith Krach, signed today, at the Presidential Palace, a Memorandum of Understanding concerning cooperation in science and technology, in the context of developing synergies across the full spectrum of bilateral relations.

The Memorandum was signed in the context of the official visit of the Under Secretary to Cyprus and Estonia, during which Mr Krach will meet with government officials and business leaders to discuss the Clean Network, 5G security, the Blue Dot Network, and our common economic and national security objectives.

In his statements to the press, the Deputy Minister, Mr Kyriacos Kokkinos extended a warm welcome to Under Secretary Krach and the members of his delegation, underlining that the time has come to inject new momentum and build an even more substantive relationship, widening the existing cooperation with the US and developing synergies both at bilateral and at EU level. “Without any doubt, to effectively address the profound Covid-19 global crisis and maximize the efficiency of technological and innovative solutions, close collaboration and greater solidarity among countries is imperative”, noted Mr Kokkinos, adding that “today’s signing of the Memorandum of Understanding on Science and Technology reaffirms our mutual will to pursue an enhanced cooperation and accelerate outputs which will translate into tangible benefits for society”.

On his part, Under Secretary Krach, noted that “there are important synergies and mutually beneficial opportunities for us in working together, leveraging America’s technical and scientific capabilities with Cyprus’s strategic geographical location and leadership in sectors like FinTech”. By cooperating on science and technology efforts, by acting on our shared values, we can build a better future together”, he stated, adding that “the need for cooperation among like-minded countries has never been more urgent than it is today, to promote principles such as transparency, accountability, respect for the rule of law, respect for human rights, including privacy and freedom of expression, protection of intellectual property, and rigor and integrity in scientific inquiry”.