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October 21, 2024 | 2 months ago
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The 2025 Finance Law introduces an important reform for Algerian household appliance exporters, allowing them to export up to 2% of the value of spare parts concerning their total exports. This measure corrects a regulatory inconsistency that previously prevented these companies from providing after-sales services abroad, resulting in the loss of important markets, particularly in Europe.
Algerian companies that had successfully penetrated international markets such as Italy, Spain and Germany were forced to abandon their contracts because they were unable to export spare parts. With this reform, exporters can now guarantee after-sales service to their foreign customers, boosting the sector's export potential.
This provision, together with the Bank of Algeria's recent authorisation to export services, paves the way for the establishment of after-sales service structures abroad, further boosting Algerian exports.
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