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Algerian PM Stresses Rapid Implementation of Agreements with Iran

Source: www.export-egypt.com 5/29/2016, Location: Asia

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Algerian Prime Minister Abdelmalek Sellal underlined the necessity for accelerated efforts to implement the agreements between his country and Tehran.

Sellal made the remarks while visiting Iran's booth at the 49th edition of Algeria's International Exhibition.

During the visit also attended by Iranian Ambassador to Algeria Reza Ameri, Sellal underscored the need for the rapid implementation of the agreements made between the two countries during the meeting of the joint high commission and the recent visit of Algerian Industries and Mines Minister Abdeslam Bouchouareb to Tehran.

He also said that his country is eager to further develop ties and cooperation with Iran in all fields.

Sellal referred to the two countries' agreement to launch production line of Iranian cars in Algeria, and called for its rapid implementation.

Earlier this month, Tehran and Algiers signed over a dozen agreements on production of Iranian vehicles in the North African state.

A sum of 19 Memoranda of Understanding (MoUs) were penned in Tehran in the presence of Iranian Minister of Industry, Trade and Mine Mohammad Reza Nematzadeh and his Algerian counterpart.

The MoUs allow a number of Iranian automakers to gain a foothold in North Africa where they will manufacture cars, vans and trucks.

Nematzadeh said that there are no restrictions facing cooperation between Iranian and Algerian companies.

Bouchouareb, who was in Iran at the head of 100 delegates from Algerian companies, said the trip has provided a good opportunity to get acquainted with Iranian capabilities and weigh plans for closer cooperation.

In late February, Ameri called on Algerian entrepreneurs and companies to visit Tehran to step up efforts to boost economic cooperation between the two countries.

Addressing the Algerian-Iranian Business Forum in Algiers, Ambassador Ameri outlined the existing capacities in Iranian economy, trade and technology, noting that the two sides have a lot to gain by broadening trade and economic cooperation in the fields.

He noted that the economic cooperation does not reflect the huge potentialities of the two countries, and called for intensifying efforts and boosting the existing mechanisms in order to develop the economic relations.

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