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Russia, Egypt agree to simplify Egypt’s exports to Russia — Putin

August 12, 2014, 18:19 UTC+3 SOCHI
Russia and Egypt are looking at creating a free trade zone, Russin President Vladimir Putin says
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Russian President Vladimir Putin (right) and his Egyptian counterpart Abdel Fattah al-Sisi

Russian President Vladimir Putin (right) and his Egyptian counterpart Abdel Fattah al-Sisi

© ITAR-TASS/Alexei Druzhinin

SOCHI, August 12. /ITAR-TASS/. Russia and Egypt have agreed to simplify Egypt’s exports of goods to the Russian market, Russin President Vladimir Putin said on Tuesday after talks with his Egyptian counterpart Abdel Fattah al-Sisi.

Putin said he would issue relevant orders to Russia’s veterinary and phytosanitary watchdog (Rosslekhoznadzor).

The Russian leader said Russia and Egypt were actively cooperating in the area of agriculture, with Russia accounting for about 40% of grain consumed in Egypt.

“As many as 90% of our imports from Egypt are farming products too - oranges, potato, onion, garlic,” Putin said “Egypt has already boosted exports of farming products to Russia by 30% and is ready to further increase them by another 30% in the nearest future.”

Russia and Egypt are looking at creating a free trade zone, Russin President Vladimir Putin said.

The Russian president said an agreement had been reached to establish cooperation between Egypt and the Customs Union (of Russia, Belarus and Kazakhstan). He noted that this subject had been raised at a meeting of the council of the Common Economic Space on July 7.

Egypt is ready to increase exports of agricultural produce to Russia by 30% in the nearest future, Russin President Vladimir Putin said.

Putin made his statement after a meeting with Egyptian President Abdel Fattah el-Sisi.

Russia and Egypt also agreed on a simplified procedure for admitting Egyptian goods to the Russian market, Putin said.

Russia hopes its tourist flow to Egypt in 2014 will be bigger than in 2013, Russin President Vladimir Putin said on Tuesday after talks with his Egyptian counterpart Abdel Fattah al-Sisi.

The Egyptian president, in turn, said his country hoped to see more tourists from Russia,

Tourism is a major area of cooperation between the two countries. In 2013, about two million Russians visited Egypt despite temporary restrictions on trips to that country. After these restrictions were lifted in the first quarter of 2014, the tourist flow from Russian reached 542,000 (575,000 in the same period last year).

The creation of Russia’s industrial zone in Egypt will be a key part of a new Suez Canal project, Egyptian President Abdel Fattah al-Sisi said on Tuesday.

“Our talks have opened big prospects in this area. I hope that the creation of the Russian industrial zone in Egypt will become a component that will supplement the new Suez Canal project, which Egypt presented last week,” the Egyptian President said after his talks with Russian President Vladimir Putin.

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