President El-Sisi’s visit to India, followed by Armenia and Azerbaijan, came as an affirmation from the Egyptian side and its president, Abdel Fattah El-Sisi, of Egypt’s desire to enter into several giant economic blocs, led by the BRICS with the help of China and India, and then the Eurasian Union with the help of Russia and Armenia mainly. Rather, let us transfer the experience of the Eurasian Union to Egypt and the countries of the region, which is considered as a project for economic and political integration, based on the customs union of the countries of (Belarus, Kazakhstan, Russia), as well as the countries of the United Economic Zone, and announcing later its expansion plan, to include other countries of the economic group. Eurasian, which is known for short as:
From my point of view and my reading of the general political and economic scene of the Egyptian state, and of President Sisi’s moves towards the east mainly, away from those complex calculations of Washington and the West and the political and economic conditionality of the International Monetary Fund and Western loans, Egypt’s accession to the Eurasian Union, or what is known as the Group of Independent States, will enable Egypt in the coming period to An alliance worked with those countries, leading to the establishment of a free trade zone between Egypt and the countries of the Eurasian Union, led by Russia and Armenia, leading to the establishment of the customs union between Egypt and the countries of Eurasia, ending with the establishment of the United Economic Zone, and even planning to establish a unified currency for the countries of the Eurasian Union, which facilitates The process of trade exchange between Egypt and those countries in the future, and of course contributes to the impact on the strength of the US dollar and its collapse and devaluation in the end.
Also, President El-Sisi’s moves towards India, then Armenia and Azerbaijan in particular, is part of the Egyptian support for the eastern bloc, headed by China, Russia and then India. This reflects the Egyptian vision to enter into the Eurasian Union, so that the emergence of this Eurasian Union can be seen as part of the announced Russian strategy to restore the importance it had previously on the international political arena during the so-called Cold War during the Soviet Union period, and this is mainly in the interest of Egypt and its President El-Sisi moves towards the Eastern Bloc and his aspiration to join the BRICS membership and then the Eurasian Union, so that this Eurasian Union will in the end serve as a counterweight to the European Union, in addition to the role of the Shanghai Cooperation Organization, which includes in its membership both Russia and China.
Also, the Eurasian Union, led by Russia and Armenia, was able to create a single currency like the euro in the European Union, which is to be called the “Altyn currency”.
It will be a balance to the forces of the European Union in the eastern bloc, led by Russia, China, India, and then Armenia, with an invitation to the rest of Central Asian countries to join the single Eurasian currency later, which serves the Egyptian side and the economic agendas of developing countries in the foreseeable future, and reduces the value of the dollar in the long run.
Bearing in mind, the United States opposes the Eurasian customs union project for the easy transfer of goods and commodities between countries, and Washington sees it as an attempt to re-establish Russian hegemony in the concept of the Soviet Union among the post-Soviet states.
This was explicitly announced by the Russian President, “Vladimir Putin”, that his goal is to expand the membership of the Eurasian Customs Union, to include all post-Soviet countries, to include the Baltic countries that are members of the European Union, on top of which are:
(Armenia – Azerbaijan – Georgia – Kyrgyzstan – Moldova – Tajikistan – Turkmenistan – Ukraine – Uzbekistan)
In addition to allowing the presence of countries that act as observer members, as is the case in most international federations and blocs, which makes it easier for Egypt, in the event of its completion, to open strong and influential economic and investment partnerships with those countries in the eastern bloc, away from the calculations and pressures of the West.
The Egyptian Ministry of Trade and Industry has already started several rounds and serious and actual negotiations to join the Eurasian Union with Russia, Armenia and the countries forming it, and it was announced in June 2021 the success of the fourth round of free trade agreement negotiations between Egypt and the countries of the Eurasian Economic Union, with the aim of integration in common economic issues. Among the countries joining it, and this is what Egypt and President El-Sisi aspire to at the present time.
The fourth round of negotiations between Egypt and the Eurasian Union countries has already ended in the Russian capital, Moscow, with the Egyptian side making tremendous efforts to join the Eurasian Union. This was mainly welcomed by the Russian side, and then President El-Sisi’s visit to Armenia strengthened the ability of the Egyptian file to join the Eurasian Union. This was reflected in the strong will and desire of all parties to accept the Egyptian side’s request for membership in the Eurasian Customs Union, in the heart of which is Russia and then Armenia.
President El-Sisi’s visit to Armenia comes as an important occasion, to move forward towards completing the Egyptian side’s membership file, to complete the negotiations and reach a comprehensive and balanced agreement that meets the aspirations of the Egyptian people and all the peoples of the Eurasian Union countries to develop trade exchange, and enhance industrial and investment cooperation between its parties. In addition to strengthening rapprochement between Egypt and all its parties in all aspects of economic cooperation and opening prospects for future cooperation between all parties.
Hence, we conclude that President El-Sisi’s moves towards Armenia and Azerbaijan were carefully calculated and planned by the Egyptian side, to join the powerful Eurasian Union bloc, because President El-Sisi realizes that the success of the agreement with the countries of the Eurasian Economic Union will contribute to strengthening trade, industrial and joint investment cooperation between Egypt and the countries. Eurasian Union. In addition, that Egyptian membership in the Eurasian Union bloc next to Russia and Armenia, and then the rest of the former Soviet Union countries, will support the system of transferring expertise and advanced industrial technologies to the Egyptian national industry in various productive sectors, in a way that enhances the capacity and strength of the Egyptian market and transfers various and different experiences to it.
Here we can understand and analyze the reason for President El-Sisi’s moves to that Eurasian region represented in Armenia and Azerbaijan, as well as strengthening Egypt’s relations with the Russian, Chinese and Indian sides, because President El-Sisi and the Egyptian side realize that the agreement with the countries of the Eurasian bloc referred to will support inter-regional trade between Egypt and the countries Central and North Asia and Europe across and between the countries of the Eurasian Union, and with the markets of the Arab countries and the countries of the African continent through the Egyptian market, through free and preferential trade agreements that link Egypt to those markets, knowing that the volume of trade exchange between Egypt and the countries of the Eurasian Union is with the membership of Russia and Armenia only, It has reached more than $5 billion, and that percentage is likely to increase if Egypt is officially accepted as a member of the Eurasian bloc and the Eurasian Union, according to plans by President El-Sisi and the Ministry of Industry and Trade in Cairo.