FINANCIAL NEWS

Egypt, Russia resume trade zone talks

27 Mar 2014

(MENAFN) Talks about a free trade zone between Egypt and the customs union of Russia, Belarus and Kazakhstan have resumed, The Peninsula Qatar reported.

The Russian Federation is seeking to improve relations with large importers as the United States and the European Union threaten with more sanctions.

The Russian Agriculture Minister said: “There were talks about this before 2011. Now we have agreed to resume these negotiations and to discuss sectors of cooperation.”

The Egyptian industry and investment minister said that the agreement on free trade with the customs union could help expand cooperation between the two countries.

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