×
Based on your current location, we selected the North America edition of FreshPlaza.com for you I want to remain in this edition
Please click one of the other regions below to switch to another edition.

world_map North America Latin America Oceania Africa Asia Europe



Announcements

Job offersmore »






Specialsmore »

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »


Nation bans imports of 900 products

Algeria does not import vegetables anymore – except for garlic

According to an official document, Algeria has temporarily banned the import of 900 products - including cell phones, household appliances and vegetables - in an attempt to stop an exploding import bill.

The OPEC member has been trying to cut outside spending since crude oil prices started falling in mid-2014. It relies on oil and gas for 60 percent of the state budget and since oil prices collapsed, earnings from this sector have halved.

The Times of Oman reported that the import ban, which took effect last Sunday, also applies to furniture, all vegetables except for garlic, some meats and fruits, cheeses, chocolates, pastries, pasta, juice, bottled waters and some building materials.

While the oil price has recently rebounded, it is still below $70 a barrel; Algerian officials have said it needs to be above $70 to help balance the budget.


Publication date: 1/11/2018


 


Receive the daily newsletter in your email for free | Click here


 

Other news in this sector: