Egypt Signs Free Trade Agreement with EEU

Russia's President Vladimir Putin (left) meets with his Egyptian counterpart Abdel Fattah Sisi.


CAIRO—Egypt has reached a free trade zone agreement with the newly-formed, Russian-led Eurasian Economic Union (EEU), Egypt’s President Abdel Fattah Sisi announced Tuesday, RIA Novosti reports.

“We have reached an agreement to establish a free trade zone between Egypt and the Eurasian Economic Union,” Sisi said.

There was more than $4.5 billion of trade between Russia and Egypt in 2014, a more than 80 percent increase on the year before, said President Putin.

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2 Comments

  1. Hratch said:

    Tsar Putin is desperate to go into bed with anyone. He is promising things he can not deliver, or will have to rob smaller countries like Armenia to prove that he can.

  2. Hratch said:

    Funny how Tsar Putin took it upon himself to reach a deal concerning the EEU. Did he consult the other members of the RUSSIAN-led Eurasian Economic Union? This union has become a toy in Tsar Putin’s hands. He’s now freely passing out candy to every Tom, Dick and Harry he meets.

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