USTDA advocates Algeria-US partnerships in economic development

July 11th, 2019

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APS : Tuesday, 09 July 2019

ALGIERS-The visit of a senior executive at the United States Trade and Development Agency (USTDA) in last June is part of efforts to “forge partnerships with Algerians in the field of economic development.”
Regional Director, East Asia / Middle East, North Africa, Europe and Eurasia, Carl B. Kress was on a working visit to Algeria on 26-28 June 2019, during which he met with CEOs of Sonatrach and Sonelgaz groups, the US embassy in Algeria said in a communiqué.
Sonatrach CEO Rachid Hachichi received Kress to continue planning a proposed reverse trade mission to the US to connect Sonatrach leaders with U.S. companies who have equipment, services and technologies that can support Algeria’s energy development goals.
Sonelgaz CEO Chahar Boulakhras received Kress as part of the proceedings for technical collaboration between the two parties. Boulakhras expressed his satisfaction with the previous USTDA-funded training for Sonelgaz staff.
Under an agreement signed during Kress’s last visit to Algeria, USTDA funded executive and senior management-level training for Sonelgaz, to support “annual management, leadership and business training” to Sonelgaz Group executives and senior leadership staff, through training delivered by General Electric.
Kress also met with the board of the American Chamber of Commerce in Algiers to discuss how best to promote U.S.-Algerian economic partnership.
The U.S. government hopes such partnerships between the U.S. and Algeria will have an important, long-term, and positive impact on both countries’ economic growth.