Russian President Vladimir Putin announced that his government is actively working on preparing trade agreements with four Arab countries, with Morocco being one of the key partners. In his address, Putin said his nation is focused on establishing free trade zones with Egypt, Morocco, Tunisia, and Algeria, all located in North Africa. The political trust between these countries and the Russian Federation should be transformed into economic cooperation, Putin was quoted by TASS as saying. With trade agreements in the works and an eye towards a mutually beneficial partnership, Russia’s engagement with Arab countries in Africa, including Morocco, signals a potential boost to economic relations in the region. The commitment to establishing free trade zones reflects a strategic effort to foster trade, investment, and overall economic prosperity between Russia and North African nations.

Source: The North Africa Journal August 06, 2023 10:32 UTC