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Algeria wants an effective industrial partnership with Iran
Writing HuffPost Algeria
The Minister of Industry and Mines, Abdessalam Bouchouareb, said Monday in Tehran, the disposal of Algeria to establish an industrial partnership "effective" with Iran that will allow it to increase the volume of investment and diversify its national economy.
Speaking at the second Algerian-Iranian business forum, Mr. Bouchouareb stressed that "Algeria is fully prepared to establish an effective partnership in the areas where the two countries conceal assets of excellence like the mechanical industry, textile, building materials, electronics and steel industries ".
It is also, according to the minister, the mining sector where the two parties intend to establish cooperation through the exchange of experts, expertise, training and information in the field of exploration, exploitation and utilization of mineral resources in both countries including gold and phosphate.
The Minister called on this occasion the approximation of small and medium enterprises (SMEs) of the two countries, noting that the industry was one of the sectors that have thrown the foundations of cooperation between the two countries through the established institutional framework since the signing of the industrial cooperation agreement in 2003.
This agreement allowed, he still recalled the creation of the Industrial Cooperation Committee between the two countries, revived thanks to the holding of this forum after several years of frost.
Both parties are working to make this committee an "effective" mechanism for boosting investment and trade between Algeria and Iran.
For Mr. Bouchouareb, the legal framework to strengthen industrial cooperation exists. He cited the memorandum of understanding for investment between the agencies responsible for the development of investment between the two countries, calling for reality on the ground.
The minister called on businessmen and representatives of Iranian economic sectors to invest in Algeria, highlighting the major investment opportunities in many fields.
Highlighting the geographical position of Algeria, its internal stability, its natural and human resources and basic infrastructure, Mr Bouchouareb stressed that it was all assets that allow it to sit foundations for an export industry to markets in the region, Africa, Canada and Europe.
He said Iran could, in turn, provide for Algerian products a gateway to Asian markets.
The minister also explained the reforms listed by Algeria to create an attractive climate for foreign investment and diversify its economy.
It has, in this respect, recalled the investment bill that will be presented soon to the National People's Congress, the enactment of new legislation to drain investment and increase the competitiveness of the economy, the primer a new industrial and mining strategy and the launch of a large number of projects for the revival of the Algerian industry.
In reality Algeria and Iran has closed ranks to face dual threats from the Muslim armed forces created by the Sauds and from NATO. Iran and Algeria wanted to head off any threats from the troublemaking GCC...Since Algeria refused to caution the Sauds invasion of Yemen and stood against nominating Hezbollah as Terrorist organisation, the Algerian borders with Libya have been flooded with weaponry never seen before. The frequency of discoveries of arm caches went up the roof and there is one day that passes that a new shipment is intercepted..
Writing HuffPost Algeria
The Minister of Industry and Mines, Abdessalam Bouchouareb, said Monday in Tehran, the disposal of Algeria to establish an industrial partnership "effective" with Iran that will allow it to increase the volume of investment and diversify its national economy.
Speaking at the second Algerian-Iranian business forum, Mr. Bouchouareb stressed that "Algeria is fully prepared to establish an effective partnership in the areas where the two countries conceal assets of excellence like the mechanical industry, textile, building materials, electronics and steel industries ".
It is also, according to the minister, the mining sector where the two parties intend to establish cooperation through the exchange of experts, expertise, training and information in the field of exploration, exploitation and utilization of mineral resources in both countries including gold and phosphate.
The Minister called on this occasion the approximation of small and medium enterprises (SMEs) of the two countries, noting that the industry was one of the sectors that have thrown the foundations of cooperation between the two countries through the established institutional framework since the signing of the industrial cooperation agreement in 2003.
This agreement allowed, he still recalled the creation of the Industrial Cooperation Committee between the two countries, revived thanks to the holding of this forum after several years of frost.
Both parties are working to make this committee an "effective" mechanism for boosting investment and trade between Algeria and Iran.
For Mr. Bouchouareb, the legal framework to strengthen industrial cooperation exists. He cited the memorandum of understanding for investment between the agencies responsible for the development of investment between the two countries, calling for reality on the ground.
The minister called on businessmen and representatives of Iranian economic sectors to invest in Algeria, highlighting the major investment opportunities in many fields.
Highlighting the geographical position of Algeria, its internal stability, its natural and human resources and basic infrastructure, Mr Bouchouareb stressed that it was all assets that allow it to sit foundations for an export industry to markets in the region, Africa, Canada and Europe.
He said Iran could, in turn, provide for Algerian products a gateway to Asian markets.
The minister also explained the reforms listed by Algeria to create an attractive climate for foreign investment and diversify its economy.
It has, in this respect, recalled the investment bill that will be presented soon to the National People's Congress, the enactment of new legislation to drain investment and increase the competitiveness of the economy, the primer a new industrial and mining strategy and the launch of a large number of projects for the revival of the Algerian industry.
In reality Algeria and Iran has closed ranks to face dual threats from the Muslim armed forces created by the Sauds and from NATO. Iran and Algeria wanted to head off any threats from the troublemaking GCC...Since Algeria refused to caution the Sauds invasion of Yemen and stood against nominating Hezbollah as Terrorist organisation, the Algerian borders with Libya have been flooded with weaponry never seen before. The frequency of discoveries of arm caches went up the roof and there is one day that passes that a new shipment is intercepted..
