Saturday, 11 July 2015

ALGERIA: MASSIVE STEP FORWARD IN MOVING AWAY FROM fRENCH DEPENDENCY - CHINA IS NOW NUMBER ONE TRADING PARTNER


Level of Strategic Partnership Between Algeria, China Hailed

All Africa

Chinese ambassador to Algiers Yang Yuanggu welcomed Saturday in Algiers the level of "strategic partnership" between the two countries, stressing that China is Algeria's "first economic partner" and will work to preserve this place.

During a press conference at the headquarters of the Chinese Embassy in Algiers, Yuanggu said that Algeria and China are "linked by a strategic partnership" that concerns the political, economic, scientific, tourism and cultural fields.

Algeria and China had a trade volume estimated at $8.3 billion in 2014.

Chinese ambassador also welcomed the visit paid by Prime Minister Abdelmalek Sellal to China last April, during which the two countries agreed to work for the revival "of an industrial partnership."

He stressed that the Chinese party gives particular importance to the transfer of knowledge and technology to Algeria, noting that all partnership agreements concluded in the last three decades contained clauses on technology transfer.

In addition to the projects already completed or under construction by Chinese companies, several projects are being discussed between the two countries especially in the fields of industry, agriculture, tourism and renewable energies.

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China has been the largest supplier of Algeria during the five first months of 2015, according to a report of the National Center for Informatics and Statistics of Customs (CNIS).

The report said China's exports to Algeria hit 785 million U.S. dollars from January to May.

Algeria's total imports in May reached 4.53 billion dollars, compared to 5.54 billion a year earlier.

China has replace France as the largest supplier of Algeria for two last years with more than eight billion dollars.

China and Algeria raised their bilateral relations to a comprehensive strategic partnership in February, 2014, the first of its kind among China's relationship with Arab countries.

Xinhua

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