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The Eurasian Economic Union and Egypt plan to conclude a free trade agreement in the near future, according to Russian Deputy Prime Minister and Minister of Industry and Trade Denis Manturov following talks with Egyptian President Abdel Fattah el-Sisi. "We hope to reach final agreements soon," Manturov said, as quoted by the government press service.

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“””We, as one of the countries of the EAEU participating in the negotiations, are providing all possible support in this direction. Significant work has been done since the launch of the process in 2019, and we hope that these negotiations will receive an additional impetus in the near future.””

In March, the United Arab Emirates announced the formation of a free trade zone with the EAEU. This year, representatives of the Russian Ministry of Economic Development will begin negotiations on this issue with Indonesia.

The free trade zone will increase the volume of trade between the countries participating in the agreement, as well as redirect export deliveries.

Earlier, Sputnik radio reported that Iran had proposed using the ruble as the main currency of the EAEU.

Source: RIA Novosti.”

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