Algeria, Russia ambition to expand partnership to various sectors

Published on : Monday, 09 October 2017 00:28   Read : 399 time(s)
 Algeria, Russia ambition to expand partnership to various sectors

MOSCOW (Russia)– Russia and Algeria ambition to bring a fresh dynamic to their economic partnership by expanding the scope of their bilateral cooperation, on the occasion of Russian Prime Minister Dmitry Medvedev's visit to Algiers.

"We plan to sign several documents on cooperation in a number of spheres. We can increase the trade volume considerably in the next few years by launching cooperation in new areas. We are discussing this possibility now," Dmitry Medvedev told APS, ahead of his visit as of Monday.

          The Russian-Algerian trade doubled last year and almost reached $4 billion. “It is an impressive figure, but I am confident that we can do better. We can increase this figure considerably in the next few years by launching cooperation in new areas. We are discussing this possibility now,” Russian PM said.

Dmitry Medvedev said that the two parties are examining new sectors of partnership, namely the nuclear industry, food processing industry, mineral resources, water transportation, high technology, space exploration, construction and pharmaceuticals.

In the nuclear industry sector, “we have developed a solid legal framework for our cooperation,” said Russian’s PM.

"If the Algerian authorities decide to develop the country’s nuclear industry, we will be happy to offer our technology and solutions. Russia is already training professionals in the nuclear industry for Algeria. At the same time, we are willing to discuss clean energy projects, namely wind and solar farms."

-- Forging multifaceted partnership–

Russia is "ready to export finished goods, including civilian aircraft, cars, farming and railway equipment, as well as machine tools,” said the Premier.

Closer cooperation in agricultural sector can have “a positive impact on our trade,” added Medvedev who welcomed the “active cooperation in the energy sector and have many successful oil and gas projects."

"Russia and Algeria are major exporters of gas to Europe. This allows us to coordinate our actions at international venues, including the Gas Exporting Countries Forum and also OPEC when the issue concerns oil. Russia highly values this dialogue, which offers opportunities for compromise."

The economic partnership can be boosted through the economic forums, which, said Medvedev, “help our business communities strengthen their ties and create conditions for new joint projects, therefore contributing to the deepening of our cooperation.”

In this regard, the Premier recalled the "key role" of the Joint Russian-Algerian Commission on Trade, Economic and Scientific and Technical Cooperation.

The 8th session of the Commission held last September in Algiers allowed to set out “cooperation plans in industry, transportation, construction, geology, agriculture, healthcare, research, space exploration, as well as information technology.”

Concerning business, the Russian Prime Minister highlighted the Russian-Arab and the Russian-Algerian business councils in the development of trade.

"Algeria has been one of Russia’s leading trade and economic partners in Africa and in the Arab world for years," said Medvedev, expressing confidence that his visit will help strengthen our friendship and mutually beneficial partnership.

Last modified on Tuesday, 10 October 2017 08:49
 Algeria, Russia ambition to expand partnership to various sectors