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Egypt's Sisi discusses economic relations with head of Eurasian Economic Union in Russia

Ahram Online, Monday 15 Oct 2018
Sisi
President El-Sisi meets with the head of the Eurasian Economic Union Tigran Sargsyan (L) on 15 October 2018. (Photo courtesy of the Egyptian presidency)
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Egypt's President Abdel-Fattah El-Sisi started on Monday his official visit to Russia with a meeting with the chairman of the Eurasian Economic Union Tigran Sargsyan, where they discussed boosting relations between Egypt and the union, the Egyptian presidency said in a statement.

El-Sisi and Tigran also discussed soon-to-be-held talks on a free-trade agreement between Egypt and the union.

The Eurasian Economic Union's members include Russia, Kazakhstan, Armenia, Belarus and Kyrgyzstan.

El-Sisi is scheduled to meet Russian President Vladimir Putin in Sochi on Wednesday.

The Egyptian president said the free-trade agreement would double trade between Egypt and the union's countries, especially with the ongoing development and renovation of Egypt's infrastructure in electricity, energy, highways and ports.

Sargsyan expressed the union's appreciation for its relationship with Egypt, adding that the union is keen to boost relations by starting the free-trade agreement talks with Egyptian officials, especially in light of the recent economic reforms in the country.

The trade volume between Egypt and the members of the EEU has hit around $7 billion, according to Egyptian trade commissioner in Moscow Nasser Hamed.

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