2017: Algeria, Russia lay foundations for fertile economic partnership

January 2nd, 2018


APS : Monday, 01 January 2018

MOSCOW – Algeria and Russia have confirmed in 2017 their willingness to reinforce their economic partnership, following Russian Premier Dmitry Medvedev’s visit to Algiers last October.
The visit during which several partnership agreements were signed, has been a concrete expression of the desire, expressed many times, by the two states to give more substance to the Declaration on the strategic partnership of 2001.
Thus, five partnership and cooperation agreements in the sectors of justice, health, hydrocarbons, vocational training and civil nuclear energy, as well as a memorandum of understanding in the field of pharmaceutical industries have were signed at a ceremony chaired by Algerian and Russian prime ministers Ahmed Ouyahia and Dmitry Medvedev.
The 8th session of the Algeria-Russian Joint Intergovernmental Commission on trade, economic, scientific and technical cooperation was held past September. The meeting allowed the two parties to define “cooperation projects in the field of industry, transportation, building, geology, agriculture, public health, science, space and computer science,” Dmitri Medvedev had told APS
The Russian Prime Minister also voiced his country’s readiness to “support our Algerian partners who are currently working to transform their country into a regional industrial and energy hub in North Africa.”
As for him, Prime Minister Ahmed Ouyahia said that the bilateral meetings were “successful,” with regard to the agreements signed between the two parties, adding that the diversification of the economic cooperation between the two countries will create jobs and generate of the additional revenue.
He also announced that Algerian businessmen will soon travel to Russia to pursue talks with Russian companies on cooperation opportunities.