Opportunities in Algeria
27/05/2009
Algeria’s trade minister, El Hachemi Djaaboub, has said his country will create the best possible conditions to encourage bilateral trade with Vietnam.
He made the statement in an address to a Vietnamese trade delegation that visited the North African country at the en dof May, led by deputy minister of industry and trade, Nguyen Thanh Bien.
Part of Vietnamese delegation stayed in Algiers to seek out immediate opportunities for bilateral cooperation through a business forum. It included representatives of 15 Vietnamese companies that import and export leather footwear, along with textiles, rice, coffee and coconut fibre.
Last year, Vietnam earned $75.63 million from exports to the Algerian market, a year-on-year increase of 87%.
Exports from Algeria to Vietnam are worth a comparatively small amount at the moment, $1.2 million a year.
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