Algeria, Italy determined to intensify economic cooperation

November 7th, 2018

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APS : Tuesday, 06 November 2018

ALGIERS – Prime Minister Ahmed Ouyahia and his Italian counterpart Giuseppe Conte have reaffirmed Monday in Algiers the two countries’ determination to intensify their cooperation and boost their economic relations.
Hosting a joint news conference with Conte, Ouyahia said that the talks they had represented “an occasion to express our satisfaction with the bilateral relations and voice our two countries’ determination to exploit the multiple existing opportunities, with regard to the economic partnership, the diversification of the Algerian economy, the hydrocarbon sector or further sectors.”
The Prime Minister said that the ways and means of consolidating economic cooperation constituted the bulk of the talks he had with Conte, in addition to the Libyan crisis.
Italian Prime minister, as for him, said that his working visit to Algeria has been “an opportunity to reinvigorate the partnership between the two countries and to intensify bilateral relations.”
Algeria is Italy’s largest partner in Africa and the Middle East, said Conte, citing joint projects in the sectors of energy and infrastructure.
Regarding the economic prospects of the Algerian-Italian cooperation, the Italian Prime Minister said trade is likely to rise from more than $8 billion in 2017 to $10 billion.
Affirming his country’s willingness to contribute through investment projects in the Algerian diversification strategy, Conte expressed confidence that “the continuous and constructive dialogue between the two countries will effectively contribute to boosting trade in favor of consumers and workers in Algeria.”
The two countries are bound by a Treaty of Friendship, Good Neighborhood and Cooperation signed in Algiers on January 27, 2003, in addition to more than fifty bilateral agreements in different areas.