German economists proposed the creation of a free trade zone with Russia

Economists from the Munich Institute for economic research has proposed the establishment of a free trade zone between Germany and the Russian Federation to reduce mutual damage in the two countries by anti-Russian sanctions. It is reported Der Tagesspigel.


According to German economists, the free trade zone with the Russian Federation and other countries of the former Soviet Union will help to establish closer economic cooperation.


According to experts of the Institute, such an agreement between the European Union and the Eurasian Union could increase real income per capita at 91 euros a year for Germany and for 235 euros per year to Russia.


In addition, the authors of the material learned opinion of the Federal Minister of agriculture of Germany Christian Schmidt, who recently agreed to meet with his Russian counterpart Alexander Tkachev on the sidelines of the G20 summit.


“We must move towards cooperation and rapprochement with Russia. Germany and Europe are natural trade partners of Russia. Russia, the country with the largest area is of great importance for global food security in the future,” said Schmidt.

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