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The Ministerial Council of the Eurasian Union approves Egypt's participation in the Free Trade Agreement


Belarusian Minister of Trade: Providing all facilities for immediate registration of Egyptian companies

 

Belarusian Foreign Minister Vladimir Makei announced that the Eurasian Union Ministerial Council had approved Egypt’s participation in the Free Trade Agreement for the countries of the Eurasian Union, which includes Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan last week, allowing Egyptian products to enter the markets of the Union countries without customs duties, which will be directly reflected in doubling the volume Trade between Egypt and the countries of the Union, and Maki and the Belarusian Federation of Chambers of Commerce, which is organizing the joint economic forum, agreed to Alaa Ezz's offer to host Egypt for the next joint economic forum.

 

This came during his meeting with members of the delegation of the General Federation of Egyptian Chambers of Commerce participating in the Belarus-Africa Economic Forum.

 

For his part, Belarusian Minister of Trade and Prevention of Monopolistic Practices, Vladimir Koltovich said that his country will provide all possible facilities and exceptions to Egyptian companies to ensure their immediate registration to enter the Belarusian markets, given the importance of developing cooperation with Egypt.

 

He indicated that the joint ministerial committee will be convened as soon as possible to develop governmental frameworks to support the participation of the private sector in all aspects of economic cooperation. He also decided to hold virtual sectorial meetings that include the two governments and the private sector to accelerate the implementation of joint cooperation in the manufacture of trucks, agricultural equipment, electric buses, medicines and medical equipment to Besides the various trade sectors, especially in agricultural and food commodities, timber and minerals, and exploiting the commodity exchange mechanism to develop exports and imports for both sides.

 

 For his part, Eng. Ibrahim El-Araby, President of the General Federation of Chambers of Commerce, said that the delegation of the Federation of Chambers of Commerce, in which the representative of 35 Egyptian companies is participating, held a series of meetings and discussions with Vladimir Koltovich, Minister of Trade and Prevention of Monopolistic Practices, Vladimir Macki, Minister of Foreign Affairs, and Haritunchik Dmitriy Ivanovich, Deputy Minister of Industry And Alexander Osmolovsky, President of the International Commodity Exchange, with the aim of opening opportunities for the development of Egyptian exports and joint manufacturing in Egypt for export.

 

For his part, Dr. Alaa Ezz presented the promising investment opportunities offered by the Egyptian economy in major projects, infrastructure, gas and petroleum, transportation and logistics, and manufacturing for export to more than 3 billion consumers in the free trade zones in Africa, the Arab countries, the European Union, Britain, EFTA, Merckiser, Turkey and the United States. Egypt and Belarus exports together to third countries are developed by overcoming freight and customs costs.

 

He said that today we jointly manufacture Belarusian tractors and re-export them to African markets from Egypt, and it was agreed to expedite the start of joint manufacturing of trucks and agricultural equipment in the same manner, to meet the needs of the large Egyptian market to implement projects to reclaim the 1.5 million acres, the axis of the Suez Canal and the economic zone, and to build 22 A new fourth-generation city, 3500 feddans in the Technology Valley and 35000 feddans of industrial areas.

 

He added that there are promising sectors for joint cooperation, including long-term electric buses, which Belarus has succeeded in manufacturing with local technology, pharmaceutical, medical and serum industries, and production lines for factories, especially small and medium enterprises.


He pointed out that this method of cooperation is a two-way street, as El Sewedy Cables Group, participating in the delegation, seeks to jointly manufacture cables, transformers and electrical meters in Belarus for export to the Eurasian Union countries with components from Egypt, in addition to participating in electrical interconnection projects.

 

Ezz explained that cooperation in other sectors was discussed during a round table in the presence of the Deputy Ministers of Foreign Affairs, Agriculture and Food, Education, and Health, and the President of the Belarusian Development Bank, in addition to participating in the opening of the 31st International Specialized Exhibition BELAGRO, and a visit to the Great Stone Industrial Zone, Minsk Tractor Factory, and the Minsk Truck and Automobile Plant.

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