Putin declares trade pacts with four countries, including Morocco

Vladimir Putin, the president of Russia, declared that his nation is actively drafting trade deals with four Arab nations, with Morocco serving as one of the principal participants.

The Russian news agency Sputnik published the comment, which was made during a meeting with representatives of the Russian government.

In his speech, Russian President Vladimir Putin stated that his country is committed to developing free trade zones with the North African nations of Algeria, Egypt, Morocco, Tunisia, and Tunisia.

He stressed the significance of taking advantage of developments at what he referred to as “development points” across the continent, noting that there are a number of intriguing nations with significant potential for economic cooperation.

The Russian President was upbeat about the future of the continent, saying it can make up for any setbacks encountered in the past while highlighting its enormous size and potential for positive development.

Putin emphasized the value of fostering political relationships between Russia and Africa that are based on friendship and trust while calling for the expansion of their economic ties.

He underlined the importance of converting this political confidence into concrete economic cooperation after observing that African countries saw Russia as a friend.

Russia’s engagement with African Arab nations, particularly Morocco, signifies a potential improvement in economic relations in the region. Trade agreements are in the works, and both parties have an eye toward a mutually beneficial collaboration. The dedication to constructing free trade zones indicates a strategic attempt to promote commerce, investment, and general economic success between Russia and countries in North Africa.

Read also: Russia-Africa Summit: Akhannouch emphasizes royal vision in boosting Africa’s connections with its diverse partners

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