Efforts to reunify the divided Mediterranean island of Cyprus will resume on Tuesday after estranged Greek and Turkish Cypriot leaders agreed to a new round of peace talks over the weekend.

Greek Cypriot President Nicos Anastasiades and Turkish Cypriot leader Dervis Eroglu on Saturday agreed to a new roadmap for the negotations, outlined in a joint statement to be read out at the resumption of talks.

The meeting between the two leaders will take place at a UN compound located in the buffer zone of the island’s divided capital city, Nicosia, on Tuesday.

The last round of UN-backed peace talks, which attempted to forge a federation between the Turkish Cypriot north and the internationally recognised Greek Cypriot south, stalled in March 2011 after a failure to agree on issues including power-sharing and property and territorial rights.

Peace talks were further delayed when Cyprus assumed the rotating presidency of the European Union in 2012, and when Nicosia was forced to seek a bailout from its EU partners and the International Monetary Fund (IMF) last March.

In a draft that was leaked to the Cypriot press, the settlement will be based on a bi-communal, bi-zonal federation with political equality as set out in the relevant Security Council Resolutions.

The plan foresees a united Cyprus, which will be a member of both the United Nations and the EU and will have single international sovereignty.

Cyprus has been split since 1974, when Turkish troops invaded the northern third of the island in response to a Greek-inspired coup aimed at uniting the island with Greece.

Cyprus joined the eurozone in 2004. The Turkish-occupied north is only recognized as a separate entity by Turkey.

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