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Russia sees in Algeria "one of the most promising markets" for the development of its commercial relations

The world's largest wheat exporter believes that "a free trade agreement between the Eurasian Economic Union and Algeria can become an important factor" in the development of their trade.

12/17/2020

Russian wheat crop field.

Negotiations took place on December 17 between the co-chairs of the Russian-Algerian Intergovernmental Joint Commission for Trade, Economic, Scientific and Technical Cooperation, the Minister of Agriculture, Dmitry Patrushev, and the Minister of Finance of Algeria, Ayman Benabderrahman.

The parties exchanged views on the current state of trade and economic cooperation and the potential for its development. In particular, Dmitry Patrushev noted that the conclusion of a free trade agreement between the Eurasian Economic Union and the Algerian People's Democratic Republic can become an important factor in the future development of trade relations.

The agro-industrial complex is an important area of ​​bilateral cooperation. A prominent place in the trade of agricultural products is occupied by Russian grain. Our country is by far the largest wheat exporter in the world. According to Dmitry Patrushev, Russia regards Algeria as one of the most promising markets.

Another topic of the talks was cooperation in the field of industry. As the head of the Russian Ministry of Agriculture emphasized, this area has significant potential in many areas, including the automotive industry, energy engineering, the chemical industry, and metallurgy. The intensification of the dialogue between the relevant departments of Russia and Algeria in this direction will give a boost to the historically associated bilateral relations.

At the end of the meeting, the head of the Russian Ministry of Agriculture expressed confidence that the Russian-Algerian dialogue would continue in a constructive and mutually beneficial manner.


 
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