The Russian-Algerian Business Council today, 21 November, announced a meeting of the intergovernmental commission on trade, economic, scientific and technical cooperation in Algeria at the end of January 2025. This was announced by Pavel Kalmychek, Director of the Department for Development of Bilateral Cooperation of the Ministry of Economic Development, at a meeting of the council in the Chamber of Commerce and Industry.
Ambassador of Algeria to Russia Boumediene Gennad also took part in the council meeting. In his opinion, the emerging situation in the world favours the search for new opportunities for the development of bilateral relations. Trade turnover between Russia and Algeria reaches $4 billion a year, the ambassador noted. In 2023, Algerian lawmakers simplified the foreign investment regime and expect Russian companies to take advantage of this, including those already involved in joint projects to explore and develop mineral deposits.
Pavel Kalmychek said that the Ministry of Economic Development estimates the potential trade turnover between Russia and Algeria at $9 billion. Irina Abramova, Director of the Institute of African Studies of the Russian Academy of Sciences, said that Algeria, like other countries in the region, is counting not only on the growth of trade, but also on investment and technology exchange. In her opinion, modernisation of oil and gas production and processing, nuclear energy, water treatment and purification technologies, agriculture (including transfer of Russian technologies), and logistics could become promising areas for the development of bilateral relations. Ms Abramova believes that Algeria could become an important ‘entry point’ on the new transport routes that Russia is creating in the South, especially given Russian interests in Mali, Burkina Faso and Niger. In Algeria, according to Irina Abramova, Russian technologies for the development of the urban environment (urbanisation in the country reaches 70%), as well as electronic services, including in the taxation system, could be in demand.
Vasily Kuznetsov, deputy director of the Institute of Oriental Studies of the Russian Academy of Sciences, complained that the Russian-Algerian agreement on a comprehensive strategic partnership signed in 2023 «still lacks content.» «Everyone wants to co-operate, but they don't know how». Mr Kuznetsov suggested that the countries lack information about each other and this problem is exacerbated by the visa regime. The expert believes that promising areas of cooperation include nuclear energy, digital technologies in management and urbanisation, as well as tourism and education. «There are only two Russian-language universities in Algeria», Vasily Kuznetsov said. Academic exchange between the countries could be expanded primarily in engineering and medical specialities, which are in demand in both economies.
Chairman of the Business Council Ahmed Azimov believes that this platform will become «a platform for effective dialogue, removal of barriers, exchange of information and building trust between the business communities of the two countries» and will help the work of the Russian-Algerian intergovernmental commission.
Ivan Tyazhlov
Source: Kommersant
Ambassador of Algeria to Russia Boumediene Gennad also took part in the council meeting. In his opinion, the emerging situation in the world favours the search for new opportunities for the development of bilateral relations. Trade turnover between Russia and Algeria reaches $4 billion a year, the ambassador noted. In 2023, Algerian lawmakers simplified the foreign investment regime and expect Russian companies to take advantage of this, including those already involved in joint projects to explore and develop mineral deposits.
Pavel Kalmychek said that the Ministry of Economic Development estimates the potential trade turnover between Russia and Algeria at $9 billion. Irina Abramova, Director of the Institute of African Studies of the Russian Academy of Sciences, said that Algeria, like other countries in the region, is counting not only on the growth of trade, but also on investment and technology exchange. In her opinion, modernisation of oil and gas production and processing, nuclear energy, water treatment and purification technologies, agriculture (including transfer of Russian technologies), and logistics could become promising areas for the development of bilateral relations. Ms Abramova believes that Algeria could become an important ‘entry point’ on the new transport routes that Russia is creating in the South, especially given Russian interests in Mali, Burkina Faso and Niger. In Algeria, according to Irina Abramova, Russian technologies for the development of the urban environment (urbanisation in the country reaches 70%), as well as electronic services, including in the taxation system, could be in demand.
Vasily Kuznetsov, deputy director of the Institute of Oriental Studies of the Russian Academy of Sciences, complained that the Russian-Algerian agreement on a comprehensive strategic partnership signed in 2023 «still lacks content.» «Everyone wants to co-operate, but they don't know how». Mr Kuznetsov suggested that the countries lack information about each other and this problem is exacerbated by the visa regime. The expert believes that promising areas of cooperation include nuclear energy, digital technologies in management and urbanisation, as well as tourism and education. «There are only two Russian-language universities in Algeria», Vasily Kuznetsov said. Academic exchange between the countries could be expanded primarily in engineering and medical specialities, which are in demand in both economies.
Chairman of the Business Council Ahmed Azimov believes that this platform will become «a platform for effective dialogue, removal of barriers, exchange of information and building trust between the business communities of the two countries» and will help the work of the Russian-Algerian intergovernmental commission.
Ivan Tyazhlov
Source: Kommersant
