Thursday, March 28

EEC discussed with business the issues of access to the markets of Egypt and Serbia, as well as industrial cooperation within the EAEC

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The Minister of Trade of the Eurasian Economic Commission Andrei Slepnev chaired a sectoral meeting of the Business Dialogue with representatives of the business community of the Eurasian Economic Union.

During the event, opportunities were presented to interested EEU companies to develop production facilities in the territory of the Russian industrial zone in Egypt, the main vectors of industrial cooperation in the Union until 2025 were outlined, as well as the prospects for cooperation with Serbia within the framework of the Free Trade Agreement were identified.

“All the issues discussed today are extremely relevant: the Russian initiative on the industrial zone in Egypt was fixed by the October decree of the Intergovernmental Council, new areas of industrial cooperation were approved by the heads of governments last year, and a Joint Committee with the Republic of Serbia is planned in the near future,” said Andrey Slepnev. – In this regard, it is important for us to get feedback from the business. As you know, the EEC conducts the corresponding systematic work on a permanent basis.

During the meeting, it was noted that in addition to gaining access to the infrastructure of the industrial zone in Egypt under conditions identical to those for Russian companies, potential residents from other EAEU states will be able to sell their products duty-free both in the Arab Republic itself and in its partners in Africa and the Middle East, in Europe and Latin America. “This will be a good addition to our future free trade agreement,” Andrei Slepnev stressed.

In terms of industrial cooperation within the EAEU and with third countries, the representative of the industrial bloc Zhaslan Azenov informed business of the implementation of the Main areas of industrial cooperation, promising areas of cooperation and export and on the mechanism of financial support for cooperative production in the Union that is planned to be approved. On his part, Mikhail Cherekaev, a representative of the trade bloc, told about the active work in negotiating preferential trade agreements to promote export-oriented industries.

Andrey Slepnev urged businessmen from the EEU countries to contact the Commission with suggestions and problems in anticipation of the Joint Committee with Serbia, which is expected at the end of this year or early next year. He drew the attention of the business community to the free trade negotiations, which next year could lead to the creation of exclusive conditions for the Union’s enterprises to access the high-capacity Iranian market, as well as to the upcoming start of negotiations with Indonesia – the seventh economy in the world in terms of the purchasing power parity.

Source: EEC website

 

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