30thSeptember 2020

Webinar DMA

A videoconference under the title: “Algeria and the UK: Post-COVID19 Trade and Investment” was organised on 30thSeptember 2020 by the Embassy of Algeria in London, Developing Markets Associates (DMA) and the Algerian British Business Council (ABBC).

Amongst the participants were:

-       Mr Ferhat Ait Ali Braham, Minister of Industry, 

-       Lord Grimstone of Boscobel, Minister for Investment at the Department for International Trade, 

-       Lord Risby, British Prime Minister’s Trade Envoy to Algeria,

-       Abderrahmane Benguerrah, Algerian Ambassador to the United Kingdom,

-       Barry Lowen, British Ambassador to Algeria

-       Representatives of Algerian ministries of Agriculture and Rural Development, Commerce, pharmaceutical industries, micro-enterprises and ANDI (National Agency of Investment Development), Sonelgaz, and the President of the Algerian Confederation of Citizen Employers (CAPC). 

In his address, Minister Ait Ali Braham outlined the Algerian Government's new vision for economic development which encourages strategic partnerships between the firms of the two countries, particularly in the industrial and technological fields.

Minister Grimstone spoke of British investments in Algeria and the post-Brexit bilateral economic relations, highlighting the expertise and the long experience of British firms and institutions, notably in digital economy, renovation, education and finance. He praised the efforts made by the Algerian government to encourage foreign investment, particularly in the sectors of agriculture, technology, renewable energies and energy transition.

Lord Risby highlighted the economic potential of Algeria, calling on the British companies to further contribute to the development of economic relations between the two countries. He encouraged the sharing of British expertise with Algeria and welcomed the change in Algeria which he described as positive.

The representatives of the Algerian ministerial departments highlighted the Government’s policies to promote partnerships and investment opportunities in the country.  

At the end of the conference, H.E Mr. Abderrahmane Benguerrah, Algerian Ambassador to the United Kingdom and H.E Mr. Barry Lowen, British Ambassador to Algeria, highlighted the new legal framework adopted by the Algerian government to promote the business climate in the country and reaffirmed the commitment of the two governments to further diversify and reinforce the bilateral relations in all economic sectors of common interest.  

The full event is available on the link below: https://youtu.be/n9nVgpVThB8