Signing a free trade agreement between Egypt and the Eurasian Economic Union will result in new growth points in Russia–Egypt cooperation
The agreement [on free trade between Egypt and the Eurasian Economic Union, – Ed.] is at the final stage. We hope this document is signed as soon as the preparation is over. It will give a bigger impetus to the trade, expand the product mix and lower the barriers among our countries – parties to this agreement — Denis Manturov, Minister of Industry and Trade of the Russian Federation.
The negotiations on the free trade agreement are continuing. Now we are at the fourth round of the negotiations nearing their end, which will make trade exchange with the Eurasian Economic Union easier. We are also finalizing execution procedures in relation to the Suez Canal Economic Zone. We have almost reached an agreement. It is not a final one, but we intend to implement what we agree upon. It will leave a good footprint — Nevein Gamea, Minister of Trade and Industry of the Arab Republic of Egypt.
My intention is to sign the free trade agreement as soon as possible. We discussed it at the special committee under Egypt Chamber of Industry [Egypt Chamber of Commerce and Industry, – Ed.]. We all are confident that it will increase the trade exchange volume and can create parity — Mohamed Kassem, Chairman, Egyptian Exporters Association, Expolink.
We have made good progress, especially over the past 12–18 months, though we have experienced communication problems. <…> We expect it to be one of the most ambitious agreements in terms of liberalization level — Andrey Slepnev, Member of the Board, Minister in Charge of Trade, Eurasian Economic Commission.