Rédaction Africa Links 24 with ania.b
Published on 2024-03-13 13:39:21
The official visit of the President of the Republic, Abdelmadjid Tebboune, to France, scheduled for the end of September or beginning of October 2024, marks a crucial step in the bilateral relations between the two nations. This meeting offers an ideal opportunity to discuss mutually beneficial economic prospects.
Indeed, the phone call between Abdelmadjid Tebboune and Emmanuel Macron has paved the way for in-depth discussions on bilateral relations, regional and international issues, as well as common economic prospects, including the examination of four major economic issues, particularly in the sectors of agriculture, energy, rare earths, and the railway industry.
Algeria and France are committed to boosting their economic exchanges and promoting balanced partnerships. Enhanced cooperation in the energy sector, especially in energy transition and research on flaring gas, is being considered. The agreements between Engie and Sonatrach attest to this commitment, contributing to European energy security.
Flourishing opportunities in agriculture
Algeria aims to modernize its agricultural sector to ensure food security. Incentive measures are being put in place to attract domestic and foreign investors, thus encouraging the development of this vital sector. French companies could bring their expertise to boost Algerian agricultural production, offering attractive investment opportunities.
With its vast reserves of rare earths, Algeria is attracting international attention. France expresses its interest in strengthening its economic cooperation with Algeria in this strategic field. This collaboration is part of the European Union’s initiatives to secure its supplies of rare earths, thereby reducing its dependence on China.
Crucial railway development
Algeria is looking to modernize its railway network to promote economic development and regional integration. Construction and modernization projects, in partnership with European companies, offer promising prospects for the future. These initiatives will help to connect inland regions, facilitate the transport of resources, and stimulate investment in the southern part of the country.
In conclusion, the presidential visit of the Head of State, Abdelmadjid Tebboune, to France marks an important step in strengthening economic ties between Algeria and France. This meeting promises to boost cooperation in key sectors such as energy, agriculture, rare earths, and the railway industry, paving the way for a future of mutual prosperity.
Read the original article(French) on Algerie 360
