Job offersmore »
- Plant Specialist Horticulture Nordics - Finland
- International Account Manager City Farming - Netherlands
- CEO - Prague
- Plant Specialist - Melbourne, Australia
- General Manager European Region - Bologna, Italy
- Einkaufsverantwortlicher / Kundenbetreuer - Die Schweiz
- Continuous Improvement Specialist - Berkel en Rodenrijs, Nederland
- Innovation Leader - Johnston (Iowa), USA
- VP of Sales - Montreal, Canada
- IPM Consultant - Adelaide Plains, Australia
Top 5 - yesterday
- Sinaloa mango pack-house opens for the season
- Lidl Moerdijk: Europe's largest banana ripening facility
- Chilean Hortifrut interested in buying the largest Peruvian producer of blueberries
- TAPKIT: 500m2 self-assembly hydroponic greenhouse
- “We provide remote, in-transit corrective actions to containerized shipments”
Top 5 - last week
Top 5 - last month
Exchange ratesmore »
Foreign trade characterized by banking measures and import regulationAlgeria's foreign trade deficit declined significantly in 2017 as a result of recovering oil prices. The expected drop in imports however did not materialize, despite the extension of quantitative quotas and the establishment of banking measures.
Algeria’s imports declined by little more than 1 billion dollars compared to 2016 to around 45 billion dollars, while the goal set for 2017 was a reduction to 30 billion.
The government has decided to continue reducing imports and encourage domestic production by temporarily suspending importing several hundreds of products, raising taxes and tariffs for others and suppressing some import licenses.
Since early 2017, the Bank of Algeria has also issued a series of measures to provide a framework for foreign trade, in order to further contain imports. Banks have thus been requested to suspend all banking domiciliation for citrus fruit and fresh vegetables imports.
En.aps.dz reports that suspension of imports is expected to affect 851 products as from 2018.
Publication date: 1/3/2018
Receive the daily newsletter in your email for free | Click here
Other news in this sector: