Egypt inks Free Trade Agreement with Eurasian Economic Union

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.

Source: Asbarez.com