Russia’s Putin announces trade agreements with four countries, including Morocco
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.
The announcement was made during a Cabinet meeting, reported the Russian news agency, TASS.
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.
Highlighting Africa’s immense size and its potential for positive development, the Russian President expressed optimism about the continent’s future, and emphasized the importance of seizing opportunities in what he called “development points” on the continent. There are several interesting countries with vast potential for economic cooperation, he said.
Putin underscored the significance of nurturing political relations founded on trust and friendship between Russia and Africa, urging for a deepening of economic ties between the two sides.
He observed that “African countries feel Russia is a friend, and we also treat African countries as friends,” emphasizing the need to translate this political trust into tangible economic cooperation.
The Russian President predicted that Africa will develop in “a positive direction and will catch up on what it missed out in past decades.”
“Therefore, we should take a comprehensive approach to these issues,” the president said.
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.
