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Big opportunities to promote economic cooperation between Serbia, Algeria
Belgrade,
9 November 2009
Algerian Ambassador to Belgrade Abdelkader Mesdoua said that economic cooperation between Serbia and Algeria is on a high level although there is potential to increase the commodity exchange between the two countries.
In a presentation “Algeria – a Market for Serbian Businessmen” held at the Serbian Chamber of Commerce, he expressed hope that a meeting of a joint group on November 16 and 17 will mark the beginning of a new strengthening of bilateral relations.
He stated that the participation of Serbian companies at an international fair in Algeria in May 2010 will help promote the economic cooperation of the two countries.
Speaking about Algeria's economy, which has more than 35 million inhabitants, Mesdoua said that the country's economic growth this year will be 3%, while according to the estimates of the International Monetary Fund, in 2010 the growth will be 9%.
According to data of the World Trade Organisation, in 2008 Algeria was ranked 56th among the world's exporters and 42nd among the world's importers.
Algerian market consultant Agoun Abdenour said that the total volume of Algeria’s imports stands at $45 billion annually, while in 2008 the value of only food and agricultural imports stood at nearly $8 billion.
Abdenour said that the Algerian agriculture and food sector presents opportunities for Serbian producers, as Algeria imports 70% of its food stocks. He said that Algeria is one of the world’s top importers of wheat, milk powder, dairy products and nuts, adding that it also imports fruits, vegetables, meat, freshwater fish, juice, honey, confectionary products.
He said that Serbian agricultural machinery manufacturers, producers of furniture, timber and building materials and pharmaceutical companies could also place their products on the Algerian market.
Abdenour said that Serbian businesses could also benefit from the opportunities presented by Algeria’s $150 billion, five year development programme lasting up until 2013, which envisages the construction of a million flats, ten dams, a 1,200 kilometres long motorway and a facility for producing distilled water.
He stated that the participation of Serbian companies at an international fair in Algeria in May 2010 will help promote the economic cooperation of the two countries.
Speaking about Algeria's economy, which has more than 35 million inhabitants, Mesdoua said that the country's economic growth this year will be 3%, while according to the estimates of the International Monetary Fund, in 2010 the growth will be 9%.
According to data of the World Trade Organisation, in 2008 Algeria was ranked 56th among the world's exporters and 42nd among the world's importers.
Algerian market consultant Agoun Abdenour said that the total volume of Algeria’s imports stands at $45 billion annually, while in 2008 the value of only food and agricultural imports stood at nearly $8 billion.
Abdenour said that the Algerian agriculture and food sector presents opportunities for Serbian producers, as Algeria imports 70% of its food stocks. He said that Algeria is one of the world’s top importers of wheat, milk powder, dairy products and nuts, adding that it also imports fruits, vegetables, meat, freshwater fish, juice, honey, confectionary products.
He said that Serbian agricultural machinery manufacturers, producers of furniture, timber and building materials and pharmaceutical companies could also place their products on the Algerian market.
Abdenour said that Serbian businesses could also benefit from the opportunities presented by Algeria’s $150 billion, five year development programme lasting up until 2013, which envisages the construction of a million flats, ten dams, a 1,200 kilometres long motorway and a facility for producing distilled water.
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