The Algerian authorities are preparing to enter the African Free Trade Area starting July next year, in light of a trend based on encouraging investment and exports of local products, as part of a plan to diversify the economy amid hopes to increase non-hydrocarbon exports to $7. billion in 2022.
In order to focus its economic presence in the African arena, the Algerian authorities have taken a number of measures, such as signing an agreement in 2018 to join the African Free Trade Area, which will expand trade exchanges with 54 countries.
His moves have also been featured in the opening of land border crossings to facilitate “barter trade” and the operation of a commercial shipping line with Mauritania to expand the presence of Algerian goods in West Africa, in addition to opening new airlines to African capitals and moving towards the establishment of bank branches in some countries. continent, accepting Algerian goods to accompany Algerian exporters.
Source: El Iktisad
