Foreign economic relations between Russia and Egypt in the agricultural sphere: Problems and prospects of development[54

Abstract

Nowadays Russia is actively developing economic cooperation with the African continent states. The article presents an analysis of trade and economic relations between Russia and Egypt. The Arab Republic of Egypt is a strategic partner of Russia in mutual trade in agricultural products and food in North Africa and the Middle East. The country is a major food importer and is a promising market for increasing the supply of agricultural products from Russia. The authors analyze: the dynamics of trade turnover in food products and agricultural raw materials between two countries; the commodity structure of exports and imports; Egypts place in Russian exports and imports of agricultural raw materials and food. The importance of the markets of the analyzed countries for mutual supplies is under authors consideration. The possibilities of development are analyzed and the problems and prospects of expanding investment cooperation between these countries in the field of agriculture are identified. The significance of the opening of the Russian Industrial Zone in Egypt for deepening trade and investment ties in the agro-industrial business is proved.