Trade min. probes with Russian counterpart economic coop.

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Wed, 23 May 2018 - 02:16 GMT

BY

Wed, 23 May 2018 - 02:16 GMT

U.S. dollars - Pixabay

U.S. dollars - Pixabay

CAIRO - 23 May 2018: Trade and Industry Minister Tarek Kabil stressed that trade exchange between Egypt and Russia during 2017 reached its highest record as it hit $3.8 billion.

This remark came during a meeting held with Russian Trade Minister Denis Manturov in Moscow where Kabil leads the Egyptian side in the activities of the 11th joint economic cooperation committee with Russia.

According to a press release by the Trade and Industry Ministry, Kabil asserted that inking an agreement for establishing a Russian industrial zone in Egypt will contribute to achieving an unprecedented leap in the level of industrial cooperation between the two countries during the coming phase.

For his part, Manturov stressed his country's keenness on enhancing economic cooperation with Egypt in light of the historic ties binding the two nations.

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