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Moscow hosts 4th round of Egypt- EAEU FTA talks
24 June 2021  -  Organization :  -  Sector/Entity :  -  Category : Trade News

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The three-day meetings dealt with the issues of: trade in goods, rules of origin, trade treatments and trade facilitation.

Moscow- June 24, 2021

The fourth round of negotiations on a free trade agreement between Egypt and the Eurasian Economic Union (EAEU), a trade bloc that includes: Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan, concluded today in the Russian capital Moscow.

The three-day meetings dealt with the issues of: trade in goods, rules of origin, trade treatments and trade facilitation. The Egyptian side was chaired by Ibrahim al-Sigini, assistant minister of trade and industry for economic affairs.

During her meeting with Andrey Slepnev, the minister in charge of trade of the Eurasian Economic Commission, Egyptian Minister of Trade and Industry Nevine Gamea announced the success of the fourth round of talks.

“Egypt is keen to speed up talks and reach a free trade agreement with the Eurasian Union during the coming period,” she said, noting that Cairo will host the fifth round of negotiations next November.

The FTA, she added, would strengthen bilateral economic ties between Egypt and the EAEU member countries and help transfer advanced industrial expertise and technologies to the national industry in various sectors.

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