ALGIERS, — Prime Minister Abdelmalek Sellal has called on Algerian public and private companies to adopt a more daring policy in terms of exports, expressing the hope than 2017 “will be the year of exports”.

Sellal, who inaugurated the 49th edition of the International Fair of Algiers (FIA) here over the weekend, spoke of the priorities national operators must pay to exports, mainly to the African continent, and international partnerships in the hydrocarbons sector.

While visiting several the pavilions of national companies at the fair, he called on representatives of the National Companies of Paint (ENP) to export and support young businesspersons working as part of Ansej (the National Agency for Support to Youth Employment) in the fields of painting.

The same recommendation was made to a private producer of pasta whose products diversification has been hailed by the Prime Minister, calling him to “focus on the success achieved in the local market to move towards foreign markets”.

While visiting the stand of a private company specializing in electrical equipment, which already exports to nine African countries, Sellal welcomed this progress and encouraged the company to take advantage of the next Africa-Algeria business meeting to be held in late November in Algiers to strengthen its markets share in Africa.

“We must not count on oil as a unique resource,” Sellal told representatives of the Algerian Popular Credit Bank (CPA) and called on this public bank to diversify its investments in non-hydrocarbon fields.

The same message was addressed to the External Bank of Algeria (BEA). “Investment credits must be intensified to boost exports,” Sellal said, calling on this bank to reduce the time taken for granting credits for the benefit of investors.

“A response must be given to this kind of credits no later than one month,” he recommended.

At the stand of the National Company of Editing and Advertising (ANEP), he called on its executives to “support the Press” and subscribe to the national bond loan for economic growth.

Sellal invited many companies to engage in partnerships and rationalize their energy consumption. On behalf of the government, he pledged to ease investment as well access to financing and land, and reduce bureaucratic constraints.

When the Premier visited to the stand devoted to foreign companies, he called on representatives of Turkish, French and United States companies “to invest in Algeria, create added-value and encourage industrial integration”.

Source: Name News Network

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