Egypt has established a free trade zone with the Russian-led Eurasian Economic Union, which includes Russia, Armenia, Belarus, and Kazakhstan, president Sisi of Egypt announced at a joint news conference with Russian President Vladimir Putin.
“We have reached an agreement to establish a free trade zone between Egypt and the Eurasian Economic Union,” Egyptian President Abdel al-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.
Now it will be easier for Egyptian products to reach the markets of Russia, Belarus, Kazakhstan, and Armenia, and vice-versa.
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