AU Extraordinary Summit: Algeria affirms its support for industrialization in Africa
APS : Friday, 25 November 2022
NIAMEY – Algeria affirmed, Friday from Niamey, its full readiness and commitment to adhere to common approaches, as well as its support for strengthening industry and industrialization in the African continent,
emphasizing the need to establish a new economic model tailored to the African reality and develop a comprehensive industrial strategy taking into account the capabilities of each country to achieve an efficient industry and a strong economy, integrated and consistent.
In a speech delivered at a closed session of the 17th Extraordinary Summit of the African Union (AU) on industrialization and economic diversification in Africa, Prime Minister Aïmene Benabderrahmane who takes part in this meeting as representative of the President of the Republic, Mr. Abdelmadjid Tebboune, stressed “the full readiness of Algeria and its commitment to adhere to common approaches and its support for strengthening industry and industrialization in Africa. Abdelmadjid Tebboune, stressed “the full readiness of Algeria and its commitment to adhere to common approaches and its support for strengthening the industry and industrialization in our continent (African) and to achieve the highest levels of integration, in realization of the major objectives outlined by the founders of our pan-African organization.
He recalled in this context “the essential role” of small and medium enterprises (SMEs) in the field of industry, stressing the importance of “giving them the support and support necessary and improve their competitive capabilities.
The Prime Minister called for “the establishment of a new economic model and the development of a comprehensive industrial strategy, to achieve an efficient industry and a strong economy, integrated and consistent that ensures a place in the regional value chains, continental and African.
The Prime Minister also recalled that Algeria has initiated, under the wise leadership of the President of the Republic, Abdelmadjid Tebboune, “the process of development of its economy and diversification of its exports not to remain dependent on the price of hydrocarbons, while giving extreme importance to the development and development of industrial zones as part of its development plan.
“Algeria is now reaping the benefits of these efforts, its non-hydrocarbon exports have tripled over the past two years,” he said.
The Prime Minister also stressed that Algeria tends to ensure, as part of its new economic orientation, a sustained growth respecting the new environmental standards of sustainable development including the reduction of greenhouse gases and the preservation of natural resources, to ensure a better life for future generations.
In the same vein, Benabderrahmane referred to the political crises, development problems and climate change and the global impact of the pandemic Covid-19 on the socio-economic life of countries, adding that the African continent, heavily affected by this unfortunate situation, is now facing a new challenge dictated by the current international situation and its impact on the supply chain of food, raw materials and energy.
Faced with this situation, he added, “we Africans must strengthen inter-African solidarity to be able to withstand these upheavals and their repercussions, especially with regard to our food security, because it is now necessary to intensify our joint action to revive our economies and find ways to achieve integration especially in the field of industry and manufacturing.
Among the shortcomings that hamper economic recovery in Africa, the Prime Minister noted in particular “the lack of a clear and coherent continental policy on industry and industrialization. “Beyond our political support frank and sincere to all the commendable steps, we are called, he argued, to draw together the future of our continent in this vital area, through the development and diversification of the global economy that is part of sustainable development and fits with the objectives and content of the Agenda 2063 of the AU, “he added.
Benabderrahmane welcomed, on this occasion, the creation of “the African Continental Free Trade Area (Zlecaf)” considering that it “will be the appropriate regulatory framework to ensure the flow of goods and commodities between countries, given the great benefits provided to products of African origin, including industrial, which makes it a real engine for achieving the objectives of industrial development in our continent.
He finally expressed his thanks and appreciation to the brotherly state of Niger, people and leaders, for hosting this summit and for the good organization of this important event, and conveyed the greetings and wishes of the President of the Republic, Abdelmadjid Tebboune, for “the success of the work of this summit.”