Egypt signs free trade agreement with EEU

By Asbarez | Monday, 09 February 2015

 

Russia's President Vladimir Putin (left) meets with his Egyptian counterpart Abdel Fattah Sisi.


CAIRO—Egypt has reached a free trade zone agreement with the newly-formed, Russian-led Eurasian Economic Union (EEU), Egypt’s President Abdel Fattah Sisi announced Tuesday, RIA Novosti reports.

 

“We have reached an agreement to establish a free trade zone between Egypt and the Eurasian Economic Union,” Sisi said.

There was more than $4.5 billion of trade between Russia and Egypt in 2014, a more than 80 percent increase on the year before, said President Putin.

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