Moscow to host Egyptian-Russian economic committee in May

CAIRO - 28 April 2018: Minister of Trade and Industry Tarek Kabil said that meetings of the joint Egyptian-Russian economic committee will to be held in Moscow in the second half of May.

During the committee meetings, a number of agreements and protocols will be inked with the aim to boost joint cooperation between both countries, mainly in the industrial, agriculture and customs fields, said the minister.

Qabil made the remarks on Saturday at a meeting with a high level Russian delegation led by Yevgeny Kuivashev, the Russian Sverdlovsk region governor, currently in Egypt to review preparations for the Ekaterinburg's World Expo 2025 that Russia will host.

Qabil said that the establishment of the Russian industrial zone in Egypt till top files to be discussed during the committee’s meetings.

Trade relations between both countries have witnessed significant development, Qabil said, noting that the volume of trade exchange between both countries surged by 55 percent, hitting $1.3 billion in the first quarter of 2018, compared with $862 million in 2017.

For his part, Kuivashev stressed his country’s keenness on supporting Egypt within the framework of hosting Expo 2025, especially in light of the historical relations binding the leaderships and peoples of both countries.