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“Trade reached $6.3 billion in 2023”
Algerian-Turkish Business Forum:
The Minister of Trade and Export Promotion, Tayeb Zitouni, highlighted, yesterday Monday, in Algiers, the evolution of trade between Algeria and Turkey, affirming that joint economic cooperation has experienced momentum since the beginning of 2020. Trade between Algeria and Turkey reached $6.3 billion in 2023. “These figures demonstrate the growing importance of economic relations between the two nations,” he said. -he indicated at the opening of the work of the Algerian-Turkish business forum which he co-chaired with the Turkish Minister of Commerce, Cevdet Yulmaz who is standing on the sidelines of the opening of the 55th International Fair of Algiers which welcomes the Republic of Turkey as guest of honor.
Algerian-Turkish relations, he continued, are ancestral and rooted in history, with the common denominator the great leadership potential of our two brother peoples who fought for freedom and sovereignty, fought terrorism and faces external pressures.
“Turkey and Algeria share a positive vision dominated by understanding and respect, and based on sovereign economic decision-making and commercial cooperation, based on the logic of ‘win/win’, as stated well understood by our Turkish friends who, like us, reject all forms of tutelage and dictatorship,” he said.
Underlining Algeria’s desire to deepen and broaden its partnership with Turkey, particularly in promising productive sectors, Tayeb Zitouni noted that the deepening of cooperation concerns agricultural, food and processing products, mechanical and electro-mechanical products, the plastics and packaging industries, products integrated into global value chains, as well as the tourism and services sector.
Calling on Turkish and Algerian companies to seize these opportunities to jointly access the African market, with which we have a free zone that offers revenues worth 3,000 billion dollars. Algeria, he continued, also seeks to achieve African integration through several structuring projects with a continental dimension, such as the trans-Saharan road, as well as the creation of five free zones as part of its attachment to its African depth. Inviting, on occasion, the Turks to be partners of Algeria in the management of these free trade zones.
Expressing Algeria’s aspiration to strengthen its relations with Turkey, the Minister of Trade and Export Promotion estimated that this increased cooperation would be beneficial for the development objectives of the two countries.
Calling, at times, for continued efforts to explore and exploit strategic partnership opportunities. “We look forward to achieving the goals set during the meeting of the Presidents of the two countries and their directives aimed at consolidating, strengthening and expanding bilateral relations, while continuing efforts and taking necessary measures to strengthen relations bilateral relations in various areas,” added Tayeb Zitouni.
The Algerian-Turkish Business and Investment Forum aims to be an economic space aimed at propelling bilateral cooperation by relying on the main axes drawn up by the Government. “The Forum is focusing on strategic sectors, such as agriculture, renewable energies, manufacturing and health,” indicated, at the beginning of last May, the president of this Forum, Mohamed Ibrir, before the Economic Affairs Committee. , development, industry, commerce and planning of the National People’s Congress.
Created in Turkey by Algerian businessmen, this Forum, he continued, aims to contribute to economic recovery through the transfer of Turkish experience to Algeria. “And this, through the federation of Algerian businessmen established in Turkey and elsewhere,” he said.
Rabah Mokhtari