Algeria, Japan to sign two agreements to foster investments

APS : Sunday, 24 December 2017
ALGIERS- Algeria and Japan will sign, very soon, two agreements on double taxation and facilitation of investment procedure between the two countries, announced Sunday in Algiers Foreign Minister Abdelkader Messahel.
“Two agreements on double taxation and to facilitate investment procedure in favour of Japanese and Algerian businessmen will be signed between the two countries very soon,” Messahel told the press after the audience he granted to Japan’s State Minister for Foreign Affairs, Masahisa Sato.
During the audience, Messahel presented to the Japanese official the incentives granted by Algeria to foreign investors, especially Japanese, recalling that Algeria and Japan are celebrating this year the 55th anniversary of their diplomatic relations
The two officials also discussed the situation in the Middle East, especially in Syria, Libya and the Sahel region, as well as terrorism and the United Nations counterterrorism strategy.
The audience was an opportunity for Messahel to reaffirm Algeria’s position on UN reform, particularly regarding the UN Security Council.
In this regard, the foreign minister underlined the need to democratize the UN to enable it fulfil its role in the peaceful settlement of conflicts.
“Algeria opposes any interference in internal affairs of other countries: a principle that it shares with Japan regarding conflicts in Africa and Asia,” he said.
Messahel also hailed the quality of the growing Japanese investments in Africa, reaffirming Algeria’s readiness to work with the Japanese partner to strengthen investments in Africa.
For his part, Sato said that he examined with Messahel “means to boost cooperation between the two countries in the economic, cultural, sports and security fields, especially in the fight against terrorism.”
The Japanese official added that he discussed with the Foreign minister “possible visit” of Messahel to Japan to strengthen cooperation between the two countries.

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