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Egypt Moves to Replace Turkish Goods in Russia’s Markets

November 30, 2015
A vendor sells vegetables and fruits at the city market in St.Petersburg, Russia. PHOTO: Alexander Demianchuk/Reuters

Cairo has requested a list of Turkish imports banned by Russia and is prepared to export Egyptian goods in their place, Egypt’s Minister of Trade and Industry Tarek Qabil announced. Qabil’s announcement came after the minister returned from a trip to the United Arab Emirates, where he met with his Russian and Emirati officials to discuss the establishment of a mutual fund to finance various investment projects. According to the minister, Egypt is capable of providing Russia with the goods it previously imported from Turkey, including fruits, vegetables and clothing, as it already has the relevant manufacturing capabilities. Russian importers are due to visit Egypt in the near future, during which time Qabil hopes to boost cooperation between them and Egyptian exporters and promote trade between the two countries, according to Daily News Egypt. Russia’s Minister of Agriculture Aleksandr Tkachev has also cited Israel, Azerbaijan, Uzbekistan and Morocco as potential alternative suppliers and that “Russia won’t feel the absence of Turkish products,” RT reported. On Saturday, Russian President Vladimir Putin approved punitive sanctions against Turkish imports, after Turkey’s military shot down a Russian warplane alleged to have breached Turkish airspace….


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