Non-hydrocarbons exports: Over $6 billion by November 2022

Algeria has achieved a value of more than 6 billion dollars in exports outside hydrocarbons since the beginning of this year through to November 2022, as stated today, Friday, by the Minister of Trade and Export Promotion, Kamel Rezig, when he supervised the opening of the 36th edition of the international event “Assihar Tamanrasset”.

The minister, who was accompanied by the Minister of Tourism and Handicrafts, Yacine Hammadi, a number of trade officials in neighboring African countries and members of the diplomatic corps of a number of neighboring countries accredited to Algeria, stated that Algeria has achieved more than 6 billion dollars in export activity outside hydrocarbons since the beginning of the current year through to November 2022, which confirms the effectiveness of the policy pursued by the President of the Republic, Mr. Abdelmadjid Tebboune, to free Algeria from dependence on hydrocarbon resources.

The minister indicated, on the occasion, that “the government is working to rationalize imports with the aim of transforming Algeria from a consumer market to a market with productive capabilities that allow covering national needs, thus helping to achieve a decline in the import bill.”

Mr. Rezig also affirmed that “the government is determined to give a new impetus to investment activity and the business climate in Algeria by reviewing the investment law with the aim of achieving the opening of the national market to foreign partnerships capable of pooling financial resources and technological means to ensure sustainable economic growth, taking into account environmental security and social development needs.

Meanwhile, the Minister of Trade and Export Promotion stated that the economic events, similar to Assihar, constitute a crossroads of regional economic exchange and cooperation, and an opportunity to enhance and value the productive capabilities achieved in several fields, and to build bridges of communication for commercial exchange on a win-win basis.

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