Egypt has established a free trade zone with the Russian-led Eurasian Economic Union, which includes Russia, Armenia, Belarus, and Kazakhstan, president Sisi of Egypt announced at a joint news conference with Russian President Vladimir Putin.
China may establish a free trade zone with the Eurasian Economic Union (EEU) in the future, says the Russian Ambassador to China Andrey Denisov. It would make trade with Russia, Belarus, Kazakhstan, Armenia, and soon Kyrgyzstan tariff-free.
The Forum of Private Business (FPB) has warned UK firms are facing a ‘crisis in confidence’ due to poor ethical standards. In a survey, three-quarters of respondents felt businesses were putting profits ahead of ethical responsibilities.
Russia and Egypt might soon exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview to Egyptian media ahead of his Monday visit to the country.
Relations between Russia and North Korea have taken a step forward following Moscow’s setting up of a Business Council for Cooperation with North Korea. This will help Russia and North Korea reach their $1 billion trade goal.
Cuban leader Raul Castro has called on the US to end the economic embargo against the country and demanded that Guantanamo Bay be returned to Cuba as relations between the two nations undergo a historic thaw.
Iran and Russia are planning to switch their bilateral trade to national currencies for which the states will create a joint bank or a mutual account, Iran's ambassador to Russia, Mehdi Sanaei, has announced.
Protesters opposed to a major, multi-national trade deal being negotiated in secret by a dozen countries – including the United States – hijacked a US Senate hearing early Tuesday to speak out against the proposal.