UAE minister of state for foreign trade Thani bin Ahmed Al Zeyoudi recently met Andrey Slepnev, minister in charge of trade for the Eurasian Economic Commission (EEC), in Moscow and discussed expanding bilateral trade and investment opportunities.
The Eurasian Economic Union (EEU) includes Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan.
The two ministers reviewed progress on the ongoing negotiations towards a comprehensive economic partnership agreement that are at an advanced stage.
Both discussed potential sectors for cooperation like logistics, manufacturing, agriculture and transport, and the increasing opportunity for a north-south trade corridor connecting the United Arab Emirates and Russia.
Tangible results were achieved following the four rounds of negotiations on the Economic Partnership Agreement, Slepnev said.
EEU has been a key partner of the UAE since its formation a decade ago. In the first half this year, the value of non-oil trade between the UAE and EEU members reached $13.7 billion—a 29.6-per cent rise year on year.
