APS : Wednesday, 03 August 2016
ALGIERS- A Memorandum of Understanding has been signed Wednesday in Jakarta (Indonesia) between Minister of Industry and Mines Abdesselam Bouchouareb and his Indonesian counterpart Airlangga Hartarto,
said a communiqué of the Ministry.
This Memorandum covers the development of the bilateral relations in the industrial sectorand defines the cooperation and partnership segments to be strengthened between the two countries, said the communiqué.
Textile, wood and furniture, mining industry and building materials, spare parts and components, transport and equipments, the agricultural machinery and equipments, pharmaceuticals and cosmetics, steel and metal industry, food-processing industry, petrochemistry and fertilizers, energy industries and non-metal materials are among the defined sectors to promoted.
According to Bouchouareb, this memorandum of understanding aims at speeding up the development of the industrial sectors in which both countries have great benefits.
The minister said that the purpose of the agreement is to prioritize the forms of cooperation to boost the public-private partnership and cooperation with the private sector to materialize the industrial partnerships and investments involving Algerian and Indonesian business companies.
The signed agreement is meant to develop the quality of infrastructures, identify projects and joint cooperation programmes, and establish permanent consultation chiefly on the positions to have within the international and regional organizations related to the industrial and technological development.
It also intends to promote the exchange of technical expertise and information likely to help boost the development of facilities and investment as well as training programmes, added the communiqué.
A bilateral working group will be set up for the follow-up of the Memorandum of Understanding.
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