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Business / Trade in Algeria

  • Africa: USA-Africa - No Policy? Bad Policy? or Both?

    BOTSWANA, 2017/08/30 "Africa is terra incognita for the Trump Government: a continent it cares little - and understands even less - about. With no dyed-in-the-wool Trumpian Africa hands available, the government appears ready to cede Africa policy making to career civil servants and a few mainstream Republican appointees." - Matthew T. Page The headline to Page's article in Quartz Africa states that "Donald Trump could be getting his US-Africa policy right by simply not having one." His view is actually additional nuanced, in judging that no policy would likely be only "less bad" than explicitly "bad policy" that may result from better White Home interest in Africa.
  • Africa: 'Market Information Gap Threatens U.S.$400 Billion Intra-Africa Trade'

    BOTSWANA, 2017/07/14 Access to data across African economies, which has been hindered by the fragmented nature of the respective markets, is currently threatening a $400 billion intra-Africa trade potential. Africa Export-Import Bank (Afreximbank) said the present transactions price at $170 billion remained their due to wide gap in market data, which presently needs to be closed to foster accelerated trade integration. Meanwhile, the size of intra-African trade could be doubled from the current level of about $170 billion per year to almost $400 billion by addressing the issue of availability of market data on the continent.
  • Is The Maghreb Union Finished And Dead?

    EGYPT, 2017/07/09 King Mohammed VI has been practically living in Africa in the last few years moving from one country to an extra to propose development programs and cooperation ventures in a transparent win-win approach. So, at the same time as on re-admission of Morocco in the African Union in the Addis Abeba summit on January 31, 2017, he declared with tears in his eyes, to be happy to be back home. The truth of the matter he has always been home though not officially, hoping on his Boeing 747 from one country to an extra bringing bounty and goodwill. What is additional, for a lot of African Muslims, disciples of the Tidjane Sufi order, Mohammed VI is additional than a temporal leader of a northern country, he is a religious symbol bearing the traditional title of amir al-mu’minin “Commander of the Faithful” of the Islamic community of Africa.
  • New production centre to boost Algeria’s pharmaceuticals exports

    ALGIERS, 2017/06/30
  • Tripartite Free Trade Area plods along slowly in Africa

    BOTSWANA, 2017/06/24 Trade between African nations has long been outstripped by intra-regional trade in other parts of the world – for Africa as a whole, intra-regional trade is between 10% and 13% of total trade. This is far lower than in regions such as the EU, where about 60% of trade is between member states, and the Association of South-east Asian Nations, which has a rate of about 25%. Intra-regional trade in North America is put at about 40%. However, the ratification of the Tripartite Free Trade Sector(TFTA) – potentially later in 2017 – could help change that and push the development of additional intra-regional trade increase. A pan-regional free-trade zone, the TFTA stretches from Cairo to Cape Town and encompasses 26 African nations. Africa’s Tripartite Free Trade Area would reduce regional tariffs and create a pan-African single market, to aid development and cash in on a growing middle class in the continent. But with member countries often belonging to multiple economic areas, progress is both complex and slow, as Kit Gillet reports.  
  • Importers threaten to increase prices of goods if government implements tax to fund African Union

    BOTSWANA, 2017/06/15 Importers have threatened to increase the prices of goods if the government implements the 0.2% import tax to fund the AU. Mr Samson Awingobit Asaki, Executive Secretary of the Importers and Exporters Association, told the Ghana News Agency that the implementation of the tax would increase the cost of operation for importers. Mr Asaki added that at the same time as it happens like that, they would have no other choice than to transfer the cost onto the prices of goods for the consumers.
  • Algeria's trade deficit rises

    ALGIERS, 2016/08/27 Data from Algeria’s National Centre of data processing and customs statistics says Algeria’s trade deficit has reached 11.93 billion dollars during the initial seven months of 2016 against a deficit of 9.4 billion dollars during the same period in 2015. The statistics office says exports have reduced by 31.4 % estimated at 7 billion dollars while imports have reduced by 14.14 % . Within the same period, the statistics office says the rate of coverage of imports by exports presently stands at 56 % as against 70 % last year.
  • Economic integration is helping boost trade and investment in Africa

    BOTSWANA, 2016/05/13 The collapse of virtual borders is one of the majority remarkable things to have happened in our lifetimes. In the world of cyberspace, time and distance have become almost peripheral considerations at the same time as it comes to doing business. Services from software development to accounting can be delivered across the world in the blink of an eye. Next business leaders will struggle to imagine an era at the same time as communication was neither immediate nor virtually free.
  • Italy-Algeria: minister Delrio visits for bilateral talks

    ITALY, 2015/11/21 Transport and Infrastructure Minister Graziano Delrio is in Algiers for a round of bilateral meetings with a number of Algerian ministers and to visit the International trade equitable for public works, which sees the participation of 42 Italian companies over an exhibition space of 800 square meters, the ministry said in a note. Italy is a guest of honor. Delrio will meet Minister of Public Works Abdelkader Ouali, Transport Minister Boudjema Telaiand Minister of Water resources Abdelouahab Nouri.
  • The 18th session of the Algerian-Tunisian Monitoring Committee

    TUNISIA, 2015/10/10 The 18th session of the Algerian-Tunisian Monitoring Committee shows the will of President Abdelaziz Bouteflika and his Tunisian counterpart, Beji Caid Essebsi, to raise bilateral relations to the highest level, Minister of Maghreb Affairs, African Union and Arab League Abdelkader Messahel said Thursday in Tunis. The session comes as part of preparations for the high joint commission conference in Algiers on October 25-26, under the co-chairmanship of Prime Minister Abdelmalek Sellal and the chief of Tunisian government, Habib Essid, Messahel said. The minister said he was pleased with the mobilization of joint resources to face security challenges relating to the escalation of terrorism, organized crime, arms dealing and illegal immigration.