Rédaction Africa Links 24 with ania.b
Published on 2024-02-21 09:11:23
The President of the Republic, Abdelmadjid Tebboune, chaired a working meeting on free zones on Tuesday, February 20. The press release from the Presidency of the Republic particularly highlighted the free zone between Tindouf and Mauritania, the neighboring country.
Indeed, the objective of this meeting was to discuss ways to strengthen trade in the region. The free zone between Tindouf and Mauritania offers numerous opportunities to boost the local economy.
Furthermore, by promoting investments and facilitating trade, the creation of free zones can contribute to job creation and economic development. President Tebboune emphasized the importance of seizing these opportunities to stimulate growth.
READ ALSO: Free trade zones for intra-African trade: Algeria’s expectations
Enhanced regional trade cooperation
In addition, collaboration with Mauritania, a brotherly country, is essential to ensure the success of this initiative. Strengthening regional cooperation will maximize the economic benefits of the free zones.
It is also necessary to attract investors and develop infrastructure to make the free zones attractive. The government is committed to supporting initiatives aimed at promoting trade and employment in the region.
Transparency and good governance are key elements to ensure the success of free zones. It is essential to establish effective control mechanisms to guarantee that the economic benefits benefit the local population.
READ ALSO: Creation of free trade zones for intra-African trade by 2024 (Tebboune)
In conclusion, small and medium-sized enterprises (SMEs) can greatly benefit from free zones by accessing new markets and developing their business. The government will encourage the participation of SMEs in these initiatives.
Read the original article(French) on Algerie 360
