08 Dec Eu Algeria Association Agreement
On 1 September 2005, Algeria and the EU created a free trade area as part of an association agreement that defines economic, social, cultural and judicial cooperation. The European Union is Algeria`s main economic partner and Algerian leaders plan to develop an association agreement signed in 2005, which would make Algeria a free trade area for the European bloc. Algeria`s president has asked the country`s trade minister to reassess an agreement with the EU in anticipation of a free trade agreement due to come into force on 1 September. Algeria has been engaged in an association agreement and a free trade agreement with the European Union since 2005.  Algiers has repeatedly asked to renegotiate the terms of the agreement. Since 2005, Algeria has been a party to a trade agreement with the European Union, which has been extended to a free trade agreement. However, the heads of state and government expressed frustration with what they described as “unbalanced conditions”. They said the agreement would open the Algerian market to EU imports, but hurt local sectors of agriculture and processing. The Algerian majority opposes the agreement coming into force. President Abdelmadjid Tebboune asked Kamel Rezig “to make an assessment… the issue of the Association Agreement with the EU, which must be given special attention to defend our interests for balanced relations,” says an official statement issued on Wednesday (August 9th), Prime Minister Abdelaziz Djerad promised a thorough review of the country`s trade conditions and promised to review all economic and trade agreements that “harm the country”. The agreement between Brussels and Algeria came into force in early September 2005, provided that both markets were opened in anticipation of the creation of the free trade area. Analysts said Algeria signed the agreement while the country was isolated while waging a war against the jihadists, which claimed the lives of 200,000 people.
You said that bureaucracy, corruption and the central control of the economy have since prevented Algeria from diversifying its economy and taking full advantage of the European agreement. “The free trade agreement signed in 2017, which will come into force in September 2020, will be a disaster for the national economy,” said Ali Bey Nasri, president of the Algerian Exporters Association. He said Algeria`s imports from the European Union have been $283 billion since 2005, but exports amounted to $12 billion, mainly in petroleum products. The EU and Algeria meet regularly on committees to discuss issues and best practices in implementing the agreement. Ali Bey Nasri, president of the Algerian Exporters Association, “was badly negotiated from the beginning.” According to Ali Bey Nasri, president of the National Exporters Association, Algeria imported 240 billion euros worth of goods from the EU between 2005 and 2017, while exports, mainly of petroleum products, reached only 10 billion euros. The long-planned activation of a long-planned free trade agreement between Algeria and the European Union on 1 September seems uncertain, given the many objections raised in the North African country. Algeria is weighing its losses on a trade agreement with the European Union, while its government plans to deepen relations with Africa in order to break the country`s economic stalemate.