ALGERIA KEEN TO COLLABORATE WITH SOUTH AFRICA TO GROW BILATERAL TRADE

Algerian businesspeople are keen to collaborate with their South African counterparts in order to grow trade between the two countries and with other countries on the continent.

Speaking at a meeting between South African and Algerian business chambers here Monday, the Vice-President of the Algerian Chamber of Commerce and Industry, Rhiad Amour, said Algeria had decided to build real partnerships with other African countries in order to create added value.

According to Amour, intra-Africa trade accounted for only 10 per cent of the total trade of all African countries compared with 80 per cent for intra-American trade and 50 per cent for intra-European trade.

The meeting between the two chambers took place on the side-lines of the African Investment and Business Forum in Algiers. A South Africa delegation led by the Department of Trade and Industry in participating in the forum.

Amour said the forum, where South Africa is seeking to strengthen economic relations with Algeria, is the first of its kind after the economic independence of Algeria. “We need to work together, know what each of us produce and what our capabilities are,” said Amour.

He added that Algeria was keen to diversify its economy and move away from reliance on oil and gas. He invited the South African business community to bring their skills to Algeria and establish partnerships. He also urged Algerian business to go to South Africa to explore business opportunities.

Source: NAM NEWS NETWORK

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