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Tarek Qabil: Joint Egyptian-Russian Committee To Meet In Moscow
Source: 8/20/2017

Trade and Industry Minister Tarek Qabil said that preparations are underway for meetings of the joint Egyptian-Russian committee on commercial, economic, scientific and technical cooperation in Moscow before the end of 2017.

Qabil, in a press release, lauded as strategic the ties between Cairo and Moscow at the political and economic levels.

The planned talks will mull key topics topped by negotiations on a free trade agreement between Egypt and the Customs Union of Belarus, Kazakhstan, and Russia.

The discussions will also tackle the establishment of a Russian industrial zone in Egypt, he added.

Qabil said that trade exchange between Egypt and Russia has improved since 2014 with Egypt's exports to Russia hitting around $360 million in the first half of 2017.

He estimated the surge in the Egyptian exports at 26 percent following a drop of 16 to 25 percent in the past two years

. The minister hailed the rise in promotion campaigns conducted by his ministry.

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