With the import ban launched in 2016 having coincided with a drop in energy prices, in early 2018 Algeria started to rethink, with a view at improving the country’s finances and easing a challenging tax situation. In June 2018 Parliament duly approved a measure replacing the ban on certain products with Customs duties.
In 2018 Algeria and China celebrated their 60th anniversary of diplomatic relations, a particularly notable achievement considering China has recently become the number-one source of Algerian imports. “The two countries are pioneers that have made history in many areas in the expansion of China-Arab ties,” China’s minister of foreign affairs,...
How will the new Organic Law relative to Finance Laws improve public budgetary management?
Recovering international oil prices and a loosening of the government’s purse strings have afforded Algeria some breathing room after a number of challenging years for the economy. As Africa’s most important gas exporter, Algeria remains highly dependent on the hydrocarbons sector for the majority of its government’s revenues and almost the...
While the 2014-17 period saw the effectiveness of the import ban called into question and was marked by a significant drop in oil receipts, recovering commodity prices in 2018 appear to be bolstering both local business sentiment and economic growth prospects. The results of the second OBG Business Barometer: Algeria CEO Survey, gathered...
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