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18 Jun 2019

Belarus, Egypt agree to dismantle trade barriers

Belarus, Egypt agree to dismantle trade barriers

MINSK, 18 June (BelTA) – Belarus and Egypt have agreed to remove trade barriers. The matter was raised as Belarus President Aleksandr Lukashenko met with Egypt President Abdel Fattah el-Sisi and his delegation on 18 June, BelTA has learned.

Aleksandr Lukashenko stated: “In the two years since the high-level meeting Belarus-Egypt trade turnover has doubled. But, as you and I stated just now, the figure does not live up to the available potential. We can do so much more. We have all the capabilities to secure higher figures.”

In his words, during restricted-attendance negotiations the sides agreed to dismantle trade barriers. “Belarus and Egypt will take steps to remove any barriers standing in the way of trade and economic cooperation. We would like Belarusians as your reliable friends and partners to have a clear structure and a system, a procedure for registering suppliers of merchandise to Egypt,” the head of state added.

Aleksandr Lukashenko noted that in order to increase the output of joint manufacturing enterprises, the Egyptian government has to enable equal conditions for participation in tenders, for placing government orders for products made within the framework of joint projects, and the enterprises need financial assistance. “On our part we will do the same things we’ve agreed on with the president,” Aleksandr Lukashenko assured.

The Belarusian side intends to create a product together with Egypt and work together to sell it, including on foreign markets. “It will allow your country to increase export. Such an approach is profitable both for Minsk and Cairo,” the president stressed. He added that Belarus is in favor of free movement of goods and supports Egypt’s proposal to sign an agreement on a free trade zone between Egypt and the Eurasian Economic Union.

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