Algerian media reported that Foreign Trade and Export Promotion Minister Kamal Rezig chaired a coordination meeting last Wednesday (4 June) with a number of economic operators active in the field of exports to the Libyan market. The meeting was devoted to discussing ways to facilitate the flow of Algerian goods and services to this market, according to a Ministry statement. The Libyan market is deemed one of the most promising markets for Algerian products and services.
This meeting is part of a series of consultations between the ministry and various economic actors, in the presence of the Governor of the Bank of Algeria, the Commissioner-General of the Association of Banks and Financial Institutions, the Vice-President of the Algerian Economic Renewal Council, as well as officials from the ministry.
During the meeting, Minister Rezig affirmed his commitment to helping ensure the flow of Algerian exports, by supporting logistical aspects, improving the regulatory framework, and strengthening coordination with banking and financial authorities to secure commercial transactions.
Promotion of exports outside the hydrocarbon sector
The minister stressed that these efforts fall within the framework of the implementation of the strategy to promote exports outside the hydrocarbon sector, in implementation of the directives of the Algerian President, Abdelmadjid Tebboune, who he said attaches great importance to activating the economic partnership between Algeria and neighbouring countries.
The minister also highlighted that the Libyan market is a natural extension of Algerian exports, and provides promising opportunities not only for the marketing of products, but also for the establishment of lasting and solid economic partnerships.
During the meeting, Algerian exporters expressed their concerns and reviewed the obstacles they face on the ground, with the aim of reaching practical solutions in coordination with various sectors, especially financial and banking.
