“Chambers of Commerce” launches an initiative to develop Egyptian-Russian economic relations and turn Egypt into a center for re-exporting Russian products

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He launched the President of the General Federation of Chambers of Commerce and the President of the Federation of African Chambers of Commerce, Industry and Agriculture
Eng. Ibrahim Al-Arabi is an initiative to develop Egyptian-Russian economic relations and turn Egypt into a center for the re-export of Russian products, based on the promotion of joint manufacturing in the existing Egyptian factories with a local component on both sides to provide for the needs of the local markets and export to the free zone markets, and the establishment of a joint logistics center in Russia and the promotion of the development of Egyptian exports Whether in terms of quantity or commodity mix, and striving to speed up the operation of the Russian industrial zone in the Suez Canal axis and maximizing the size of the Egyptian local component to give it the advantages of free trade agreements signed by Egypt with various global markets, and striving with the two governments to return flights to all Egyptian airports and as charter aviation to restore tourism movement as well. It used to be.

This came during his speech before the Joint Arab-Russian Business Council, which was held virtually in the presence of Bogdanov, Mikhail Leonidovich, Deputy Russian Foreign Minister, Special Envoy of the Russian President to the Middle East, and Sherimin Sergey Yevgenevich, Minister of the Moscow Government, Head of the Department of Foreign Economic and International Relations of the City of Moscow And Dr. Khaled Hanafi, Secretary General of the Federation of Arab Chambers, Gvialva Tatyana Alexandrovna, Director of the Russian-Arab Business Council, Baltonov Valdimir Mikhailovich, President of the Chamber of Commerce and Industry in Moscow, Heba Bahloul, Director General of the Algerian Chamber of Commerce and Industry, and Ajlan bin Abdulaziz Al-Ajlan, Chairman of the Council of Saudi Chambers.

Al-Arabi said that this meeting comes to support not only to support the growing bilateral Egyptian-Russian cooperation, but to include the tripartite cooperation that was called for at the Arab-Russian conference last year, which will achieve economic returns for all parties through the integration of multiple comparative advantages and the elimination of customs and shipping barriers.

He pointed out that Egypt has strived to provide the appropriate economic climate to facilitate and start business through a revolution of economic, legislative and procedural reforms, in which it was able to create an attractive climate for regional and foreign direct investments, as well as providing dozens of industrial, commercial and logistical areas supported by the necessary facilities throughout the republic, It also implemented an urgent program to develop and raise the efficiency of the necessary infrastructure, which coincided with the launch of major projects in all fields, and Egypt also provided multimodal transport mechanisms to connect them to global markets through modern hub ports, road networks, railways and transcontinental bridges, and it also sought to maximize the size of the market. By activating free trade agreements, it raised the size of its markets to more than 3 billion consumers in the Arab world, the European Union, Africa, the Mercosur, and the United States, indicating to me as the continuation of serious efforts to complete the free trade agreement with the European Union, as this agreement will constitute a real shift in the size of economic relations between Egypt and the market of countries. That area.

Al-Arabi stressed that the Chambers of Commerce federations will harness all available capabilities and mechanisms and increase participation in joint exhibitions and conferences to advance and develop Arab-Russian relations, given the strategic importance of this relationship as it has a great historical depth.

The article “Chambers of Commerce” launches an initiative to develop Egyptian-Russian economic relations and turn Egypt into a center for re-exporting Russian products. It was written in the Borsa newspaper.