Tue. Feb 27th, 2024

Date: December 25, 2023 Time: 23:14:03

“Major agreements are currently being prepared with countries with great economic potential,” the Russian leader said at a meeting of the Supreme Eurasian Economic Council in St. Petersburg.

“We are talking about a preferential agreement between the EAEU and Egypt,” he explained.

Work on the draft free trade agreement with Egypt is at a very advanced stage, Putin said, and the EAEU countries are “certainly interested in signing it as soon as possible.”

The organization’s plans include agreements with other states in the Global South.

“The Eurasian Commission is negotiating with the United Arab Emirates and Indonesia,” the Russian president said.

In his opinion, the formation of free trade zones with these countries will further increase the export potential of the EAEU, increase mutual supplies to the markets of friendly states and, therefore, give an additional impetus to the development of economies. of the union, will expand and diversify the common market.


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