In statements to Rosalous, the Russian ambassador: an unprecedented commercial growth with Egypt and the Gulf … and an expected Arab -Russian summit
active economic cooperation with Cairo … and commercial exchange exceed 9 billion dollars
and Putin signs a strategic agreement with the UAE to raise trade to 20 billion dollars
& nbsp; The bilateral last year exceeded 9 billion dollars & quot; Arabic, where the Eurasian Economic Union recently signed a comprehensive partnership agreement with the UAE, in the presence of President Vladimir Putin, which included reducing customs duties and expanding trade exchange between the two sides. Huge, most notably the Russian industrial zone in the Suez Canal axis.
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In his remarks to the Rosalous Swalip, the Russian ambassador added:
& quot; we are working closely with some Arab countries such as Algeria, and we have a very good interaction with the Gulf states, such as Saudi Arabia and Qatar. Some do not need foreign investments, but we invite them to invest in Russia, and there is a wide mutual understanding between Moscow and Arab capitals."Color:#2980b9;"> On the political side, the ambassador said: Next. & Quot;
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The Economic Agreement with the UAE included preferential coverage of more than 98% of the Eurasian Union exports, at a value exceeding 12.1 billion dollars, and to reduce Emirati customs duties from 5% to 0.6%, which provides more than 260 million dollars Annually."Full-Width Clearfix"> & nbsp;
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At the end of the economic summit, Putin stressed that the union countries achieve a growth rate that exceeds the global average, as it exceeded 4% compared to 3.3% globally, along with the rise in real wages and a decrease in the unemployment rate in Russia to 2.3%. Western, and that foreign investments are still flowing to the Russian market.
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