18.08.2023, 10:36 40501

Kazakhstan continues negotiations on the establishment of a free trade zone with the Arab Republic of Egypt

On August 17, the sixth round of negotiations on the conclusion of a free trade agreement between the EAEU and the Arab Republic of Egypt was completed in Moscow (Russian Federation), press service of the Ministry of Trade and Integration reports.

It should be noted that the negotiations resumed after a long break - the previous round was held in October 2022 in Cairo.

The parties discussed the provisions of the text of the agreement, and also continued discussions on tariff liberalization, which is a key part of the future agreement and will create conditions for mutual duty-free access to a wide range of goods.

We discussed the issues of access to agricultural and industrial goods. The Egyptian colleagues have changed the negotiating team - therefore, on some articles we have new positions and vision. Nevertheless, the negotiation process continues, we hope that we will be able to achieve mutually beneficial conditions for all goods", - the Ministry of Trade and Integration, whose experts took part in the negotiations, reported.


Bilateral trade between Kazakhstan and Egypt is actively developing, and the trade turnover in the first half of 2023 amounted to 99.9 million US dollars, of which Kazakhstan's exports amounted to 12.48 million US dollars, and imports from Egypt to Kazakhstan amounted to 87.51 million US dollars.
 

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