2023-11-24 18:39:10
LONDON – The Algerian-British Business Council (ABBC) organized its annual meeting at the House of Lords on Thursday evening, under the patronage of Baroness Symons, a friend of Algeria, president of the Arab Chamber of Commerce. British.
In addition to the ambassadors of Algeria in London, Mr. Nourredine Yazid, and of the United Kingdom in Algiers, Ms. Sharon Ward, many heads of groups and economic operators were present at this annual meeting, which has become unmissable.
The meeting allowed the various speakers to measure the progress made by Algerian-British relations in recent years and to project themselves into a very promising future.
First speaker, the President of ABBC, Ms. Olga Maitland spoke, with great enthusiasm, regarding the growing place of her country in the economy of Algeria and the anchoring of the language English in the Algerian education system.
“Algeria is a large modern state which has taken off, is developing in all areas and which offers infinite opportunities,” she stressed.
Recalling that the late Queen Elizabeth II had visited Algeria in 1980, the president of ABBC expressed the wish to see the current sovereign Charles III follow the example of his mother.
Baroness Symons, for her part, praised “the remarkable partnership and the flourishing relationship of friendship which have been established between Algeria and the United Kingdom”, expressing her conviction that “the mechanisms and milestones put in place will allow “This multifaceted partnership will expand and affect all cutting-edge sectors without exception, including the areas of artificial intelligence, nanotechnology and digital technology.”
The speaker welcomed the decision of the leaders of the two countries to establish a strategic dialogue, calling on the Algerian authorities to “take advantage of the measure decreed by the British government to lift customs barriers on Algerian products.”
Baroness Symons finally called for Algeria’s active participation in the next United Kingdom-Africa Summit, scheduled for 2024 “because of its weight and its role on the continent”.
Lord Tariq Ahmad of Wimbledon, Minister of State for the Middle East and North Africa, held back by his ministerial obligations, had a message read by the Ambassador in Algiers, Ms. Sharon Ward, to “reiterate the support of the British government for the fundamental work being done for the benefit of the people of both countries.
The minister, who hopes to be able to visit Algeria in the near future, expressed his great satisfaction with the results of the recent visit to London by the Minister of Foreign Affairs and the National Community Abroad, Mr. Ahmed Attaf.
Lord Ahmad also welcomed the quality of the discussions he had with the minister, both during the work of the 2nd session of the strategic dialogue and during the consultative meeting on the Security Council, organized in Wilton. Park, wishing “close collaboration within this United Nations body where Algeria will sit from January 2024”.
Taking the floor, the Ambassador of Algeria, Mr. Nourredine Yazid underlined “the determination of the Algerian government to build a strong, dynamic, resilient and diversified economy and to guarantee all the facilities to attract and promote British investments in Algeria”, expressing his satisfaction to see that the two countries “already enjoy an excellent relationship” and that “the Strategic Dialogue initiated gives a certain impetus to economic exchanges”.
Mr. Yazid underlined that “the trip to London of Mr. Attaf for the work of the 2nd session of the Strategic Dialogue is a testimony of Algeria’s commitment to strengthening bilateral relations”, registering with satisfaction “the enthusiasm demonstrated for the promotion of a solid relationship between the economic operators of the two countries” and “the 40% growth, this year, in the volume of trade which reached three billion pounds sterling”.
The Algerian ambassador then gave an overview of “the encouraging progress recorded in recent years by the country’s economy, thanks to the reforms introduced by President Tebboune to create a business climate in line with the expectations of foreign investors “, citing in particular “the adoption in 2019 of a new Hydrocarbons Law, the partial lifting in 2020 of the rule capping shares held by foreign shareholders, the adoption in 2022 of a new
Investment Code and the development in 2023 of new legislation on credit and currency.
Mr. Nourredine Yazid highlighted the assets that Algeria can boast of to promote the attractiveness of its market, namely a strategic geographical position which makes the country “a gateway to Africa and Europe”, basic infrastructures which connect Algeria to many African countries and facilities and advantages which make investments in areas such as public health, education, agri-food, agriculture, mines, promising. renewable energies, transport and services.
In the same vein, it is worth noting the intervention of Mr. Yacine Bouhara, boss of the “Tell Group”, an investment fund for whom “investing in Algeria and growing one’s capital is now “.
For the speaker, Brexit is another reason for the British government to invest fully in Algeria and in all areas.
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