CAIRO – 24 April 2021: The trade exchange between Egypt and the countries of the Eurasian Union amounted to about $4.69 billion in 2020, according to Minister of Trade and Industry, Nevin Gamea. The minister said in a statement Thursday that the Egyptian government is keen to speed up the pace of negotiations on a free trade agreement with the Eurasian Union countries to finalize it in the near next stage. She pointed out that the agreement will contribute to strengthening and developing joint relations between Egypt and the countries of the Union, which includes the Russian Federation, Belarus, Kazakhstan, Armenia and Kyrgyzstan in various economic, trade and investment fields. This came during a session of the minister's expanded talks with Andrei Slepnev, Minister of Trade of the Eurasian Economic Union, at the conclusion of the meetings of the fourth round of free trade negotiations between Egypt and the Eurasian Union countries, which concluded today, Thursday, in the Russian capital, Moscow. The Egyptian side also referred to the importance of working on the importance of removing any quantitative restrictions in front of Egyptian exports to the markets of the Eurasian Union countries, such as quantitative or seasonal quotas.

Source: Egypt Today June 24, 2021 15:56 UTC