2023-09-20 19:03:18
NOUAKCHOTT – The Algerian Ministry of Trade and Export Promotion and the Mauritanian Ministry of Trade, Industry and Tourism agreed, Wednesday in Nouakchott, to create a joint commission responsible for examining customs and tax facilitations and eliminate trade barriers between the two countries, but also the definition of products that can be the subject of commercial exchanges.
The agreement in principle was given by the Minister of Trade and Export Promotion, Tayeb Zitouni, and the Mauritanian Minister of Trade, Industry and Tourism, Lemrabott Ould Bennahi at the ministry’s headquarters in Nouakchott, where the two ministers co-chaired a working session, in the presence of executives from the two ministries and the Economic Advisor at the Algerian Embassy in Nouakchott, Youcef Abbou and the president of the Algerian Economic Renewal Council (CREA), Kamel Moula.
As a reminder, the meeting is part of a working visit carried out by Minister of Trade and Export Promotion, Tayeb Zitouni, and the Minister of Finance, Laaziz Faid in Mauritania.
On this occasion, Mr. Zitouni specified that the role of this commission “is to boost economic cooperation”, inviting the organization of a first meeting “as soon as possible”, bringing together executives from the two ministries, executives customs services from both countries, executives from the Algerian embassy in Nouakchott, as well as a member of the CREA Council.
Recalling that the volume of trade between the two countries does not exceed 200 million USD, the minister estimated that this figure “does not live up to the aspirations of the two peoples, nor to bilateral political relations.”
In this context, Mr. Zitouni highlighted the “important” projects carried out as part of the promotion of bilateral commercial relations, to cite only the trans-Saharan and the Algiers-Nouakchott maritime line, noting the need to iron out the difficulties hindering trade and supporting economic operators from both countries.
For his part, the Mauritanian minister welcomed the determination of private Algerian operators to access the Mauritanian market, affirming that his department “will work to develop the volume of commercial exchange between the two countries.”
The inauguration of the Algerian Union Bank will promote bilateral economic relations, he added.
Remember that the first Algerian bank opened abroad, namely “Algerian Union Bank” was inaugurated this Wednesday in Nouakchott.
A permanent exhibition of Algerian products was also inaugurated in Nouakchott, entitled “Tasdir” under Safex, representing several sectors, the objective being the revitalization of trade between the two countries and the rest of the African countries in accordance with the instructions of the President of the Republic, Mr. Abdelmadjid Tebboune.
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