Ukrainian President Volodymyr Zelenskyy and Egyptian President Abdel Fattah El-Sisi have agreed to begin preparations for a preferential trade agreement between their countries. The two leaders spoke during a phone call, where they discussed ways to enhance economic cooperation and strengthen bilateral relations. This agreement comes at a time when both nations are seeking to diversify their trade partnerships and attract investment.
The preferential trade agreement is expected to benefit both Ukraine and Egypt by reducing trade barriers and promoting exports. Ukrainian businesses may find new opportunities in the Egyptian market, particularly in sectors such as agriculture, manufacturing, and technology. Meanwhile, Egypt could benefit from Ukrainian expertise in areas like energy and infrastructure development.
Analysts suggest that this development is part of a broader trend of strengthening economic ties between Eastern European countries and the Middle East. As Ukraine continues to rebuild its economy post-war, such partnerships are crucial for long-term recovery and growth. The agreement is anticipated to be finalized within the next year, with both countries committed to transparency and mutual benefit.