If only it managed to go back to producing its own: Egypt, Russia mull free trade zone over wheat imports
Russia will supply at least 5-5.5 million tonnes of wheat to Egypt this year and will increase agricultural goods imports from the North African country.
Russia will supply at least 5-5.5 million tonnes of wheat to Egypt this year and will increase agricultural goods imports from the North African country, Russian President Vladimir Putin told reporters after meeting with Egypt's President Abdel Fattah al-Sisi.
Egypt is ready to increase agricultural goods exports to Russia by 30 percent and is discussing the creation of a free trade zone with the Moscow-led Customs Union of Russia, Belarus and Kazakhstan, Putin added.
In the previous 2013/14 marketing year, Russia supplied 3.6 million tonnes of wheat to Egypt.
- Tunisian, Moroccan Chambers of Commerce meet to discuss economic partnership
- Winter wonderland: Dubai debuts Aspen Chalets with view of Ski Dubai
- Egyptian economic experts predict inflation rate will continue to climb
- Shoura Council: Expats cannot buy property in Mecca, Medina, Riyadh
- Tensions increase between Egypt, Italy over renewable energy projects