Manturov told about the upcoming intergovernmental agreement between Russia and Egypt

© RIA Novosti / Sergey Guaimoreto of industry and trade of Russia Denis Manturov. Archival photoManturov told about the upcoming intergovernmental agreement between Russia and Egypt© RIA Novosti / Sergey Guneev

The intergovernmental agreement of Russia and Egypt in the industrial area near Port said practically agreed upon; the Ministry of industry and trade of the Russian Federation hoped that it would be signed until the autumn, told reporters the head of the Ministry of industry and trade Denis Manturov.

«Yesterday (Minister of trade and industry of Egypt — ed.) by Tarek Kaulem said. Actually, this is one of the reasons why he will not come tomorrow to the forum, as he believes that it is crucial to «finish» all the regulations that are being completed are in Egypt… So substantive to fill your visit, coming with a prepared draft of an intergovernmental agreement, which today we have almost agreed. But they must accept the conditions that we set, and we expect that they will give us tax incentives,» — said Manturov.

In the words of the Russian Minister, his Egyptian counterpart promised within a month to finalize all the documents and to come to Moscow. «I hope that, on arriving, we finalize, then the procedure will be completed intergovernmental agreement. The process is quite bureaucratic, but I hope that until the autumn dosoglasuem and sign,» — said Manturov.

Russia and Egypt in early February signed a Protocol on establishing a Russian industrial zone near the Suez canal for localization of production of Russian companies focused on the markets of Egypt, Africa and the Middle East. In the industrial area envisages the production of trucks, agricultural tractors, chemicals, concrete products. Later in February, on the public procurement portal reported that the Ministry of industry and trade of the Russian Federation holds a competition to the maximum price of the contract is 20 million rubles on preparing the business plan and the master plan for Russian industrial zone in Egypt’s Port said.

Deputy Minister of industry and trade of Egypt Ahmed Antar in March, told RIA Novosti that the negotiations on the creation of a Russian industrial zone in Egypt, held in a dynamic manner, and the parties have resolved most of the issues on the implementation of the project.

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