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Economic Diplomacy: Algeria pulls out all the stops

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The President’s recent trips to Russia and China have resulted in the signing of several partnership agreements and memoranda of understanding on, among other things, several areas of the economy. In the framework of these agreements, Algerian diplomacy managed to use, in its bilateral meetings, its trump card: the new hydrocarbon law and the investment law.

The key opportunities for cooperation and investment in industry, petrochemicals, the oil and gas processing industries, as well as agriculture and trade were constantly highlighted during the bilateral meetings.

In parallel to the state visits, the Minister of Foreign Affairs and of the national community abroad was also instructed by the President of the Republic to promote Algeria’s economic sector to other friendly countries.

To that end, last June, Ahmed Attaf travelled to Europe, Germany and Italy, to meet with his European counterparts and discuss investment opportunities in various areas of the economy.

On his last working visit to Washington, Attaf met with U.S. economic operators and businesspeople, members of the U.S.

algerian-american business council. At the meeting, the Minister discussed the main thrust of Algeria’s ambitious foreign investment policy, including the new legal arsenal adopted in several areas, such as hydrocarbons, investment, and currency and credit, and cited other regulations that could strengthen the business climate and attract foreign investment.

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Economic Diplomacy: Algeria pulls out all the stops

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