Algerian and French organizations are arranging to hold an economic and production partnership forum to submit proposals to the governments ahead of President Abdelmadjid Tebboune’s visit to Paris in mid-June.
President of the Economic Renewal Council Kamal Mawla announced that he met with officials from the Movement of the Enterprises of France (MEDEF) in Paris earlier this month as part of efforts to implement cooperation agreements.
Mawla said the meetings addressed the joint preparations for the Algerian French Business Forum in Paris to establish production partnerships. He did not disclose when the forum will be held.
Echoroukonline reported that the partnership is expected to cover construction, public works, food, and automobile industries.
It confirmed that the Algerian-French Chamber of Commerce and Industry will participate in the 25th International Salon for Construction, Building Materials, and Public Works, which will be held in Algiers between May 7 and 11.
Algerian political sources confirmed that the meetings will take place within the framework of the renewed partnership between Algeria and France agreement that was signed in August 2022 when Macron visited Algiers.
The agreement stated: “France and Algeria have decided to open a new era … laying the foundation for a renewed partnership expressed through a concrete and constructive approach, focused on future projects and youth.”
It stressed the importance of the exceptional human relations that unite them and their intention to strengthen their friendship and consolidate their achievements in cooperation.
The agreement also confirmed that Algeria and France would push their economic relations to promote a balanced partnership for the benefit of the two countries and that they would encourage economic exchanges and develop partnerships between their institutions, focusing on digital technology, renewable energies, rare minerals, health, agriculture, and tourism.
In 2018, a MEDEF delegation visited Algeria to discuss launching investment projects in infrastructure, construction, transport, logistics, energy, environment, education, food industry, finance, and insurance.
They also discussed developing legislation that controls business and investment.
On its website, MEDEF stressed the strong relations between Paris and Algiers, noting that France is Algeria’s second supplier with $3.5 billion, following China, with $6.2 billion a year.
The organization stated that France was among the top investors in Algeria outside of hydrocarbons, and French enterprises boasts close to 500 enterprises in Algeria, providing 40,000 permanent jobs and 100,000 indirect jobs.