des opérateurs économiques affirment l’importance d’exploiter les opportunités de coopération bilatérale
Summary of Algerian-Brazilian Business Forum
On Tuesday, a significant Algerian-Brazilian Business Forum was held in Algiers, aimed at fostering constructive partnerships between the two nations. The event emphasized the necessity of maximizing available opportunities for sustainable collaboration based on a win-win principle. Organized by entities such as APEX Brasil, the Brazilian Ministry of Foreign Affairs, and the Brazilian Embassy in Algeria, alongside Algeria’s Economic Renewal Council (CREA), the forum attracted representatives from various governmental sectors and businesses from both countries, focusing on enhancing bilateral cooperation in trade and investment.
Key Insights and Objectives
Rabah Fassih, the Director of Economic Exchange Promotion at the Algerian Ministry of Foreign Affairs, urged Algerian and Brazilian businesses to collaborate and devise suitable mechanisms to establish profitable and lasting economic partnerships. The aim is to generate wealth and employment, reflecting the aspirations of both nations’ leaders. He pointed to several sectors ripe for collaboration, including agriculture, agro-food industries, mechanical engineering, home appliances, electronic equipment, healthcare, construction materials, and transportation, all contributing to increased trade volume.
Kamel Moula, President of CREA, noted the participation of over 24 Brazilian economic operators at the forum as a sign of growing interest in the Algerian market. He highlighted a Brazilian company’s plans to establish a truck manufacturing project in Algeria, illustrating a transition to more productive relationships that extend beyond traditional exchanges of goods and services.
Economic Exchange and Agricultural Potential
Brazilian Ambassador in Algeria, Marcos Vinicius Pinta Gama, described the forum as a pivotal opportunity for economic operators to expand partnership prospects, particularly in agriculture. Brazil’s position as a major supplier of meat, soy, and coffee to Algeria underscores the potential for agricultural projects within Algeria, benefiting from Brazil’s mechanization expertise. He noted ongoing discussions regarding the local production of truck cranes and stressed the importance of establishing legal frameworks to safeguard investments, anticipating that bilateral meetings could soon yield formal agreements.
Hadjer Larbi, from the Ministry of Foreign Trade and Export Promotion, shared that trade volume between Algeria and Brazil had reached $4.32 billion in 2024, marking a 13.68% increase from the previous year. Brazil ranks as Algeria’s sixth largest trading partner and twelfth largest client, with Algeria exporting mineral fuels and other products to Brazil and importing meat and machinery.
Investment Opportunities and Regulatory Framework
The Director General of Industrial Investment and SME Promotion at the Ministry of Industry discussed Algeria’s investment opportunities, particularly in the mechanical and agro-food industries. She outlined recent reforms aimed at enhancing the business climate, including a new investment law and updates to the economic land framework.
Chakib Smaïl Kouidri, Director General of the Algerian Chamber of Commerce and Industry (CACI), emphasized the promising partnership potential between Algeria and Brazil, suggesting that collaborative efforts could help both nations penetrate African markets. Brazilian participants showcased their capabilities across various sectors, seeking mutually beneficial partnerships.
André Queiroz, Executive Director of Foreign Trade at APEX Brasil, recognized Algeria as a vital partner for Brazil in Africa and encouraged leveraging its economic momentum to boost trade between the two nations. The forum also facilitated bilateral meetings (B2B) to explore cooperation avenues, setting the stage for various agreements to be signed in the future.
Conclusion
The Algerian-Brazilian Business Forum illustrates a robust commitment to economic partnership, highlighting the shared goals of both nations to enhance trade, diversify economic relations, and promote mutual benefit. The event successfully established a platform for dialogue and collaboration, paving the way for a future of increased economic synergy between Algeria and Brazil.
