Iran - Algeria business ties

[Al-khiyal]

Iran’s specialized exhibition opened in Algeria yesterday to introduce the country’s industrial and economic capabilities as well as the technical and engineering services.

At the inaugural ceremony, the governor-general of northeastern Khorasan Razavi Province Mohammad-Javad Mohammadizadeh referred to the last year visit of the Algerian and Khorasani trade delegations during which they agreed on holding such exhibitions.

“Holding this five-day exhibition as a part of the previously signed agreement is indicative of the serious will of the Iranian and Algerian governments on paving political, economic, and cultural grounds to firm the mutual ties which are deep-rooted due to the religious and cultural commonalities,” he expressed.

He went on to say, economic and industrial cooperation boosts promotion of the whole bilateral ties coupled with optimal use of the mutual political, cultural, and economic capacities.

“By holding this exhibition, we have attempted to show Iran’s readiness to cooperate with the Algerian nation to achieve a bright future in expansion of ties,” Mohammadizadeh concluded.

Iran’s solo exhibition opens in Algeria

[Al-khiyal]

Algeria's Labor Party voices strong solidarity with Iran

[Al-khiyal]

Head of Iran's Chamber of Commerce, Industries and Mines (ICCIM) Ali Naqi Khamoushi said on Thursday that since there are suitable grounds for expansion of economic cooperation and investment opportunities in Algeria, both countries should assume a much more active role in economy and industry sectors.

In a exclusive interview with IRNA in Algiers, he said "I would like to invite all Iranian businessmen and industrialists to seize existing opportunities to promote trade exchange between the two countries."
The two sides are now holding negotiations at various levels which should be accelerated, he underlined.

Any failure to take immediate action to this end would result in losing a very potential market, he said.

A high ranking Iranian delegation has arrived in Algiers to attend Iran's first international trade fair in Algeria.

Some 50 Iranian companies are displaying various products in auto industry, agricultural machinery, cement, petrochemical, oil and gas industries, industrial tools, stone industry, household appliances, hand-woven and machine-made carpets and foodstuffs during the five day event (May 2-6).....

Khamoushi calls for increase in Tehran-Algiers trade exchange

[Al-khiyal]

The foreign ministers of Iran and Algeria on Tuesday called for bolstering of bilateral relations in trade and other economic fields given their enormous joint potential.

Iranian Foreign Minister Manouchehr Mottaki met with his Algerian counterpart, Mohamed Bedjaoui, on the sidelines of the foreign ministerial meeting of the Non-Aligned Movement (NAM) which kicked off Monday morning at the International Convention Center in Putrajaya, Malaysia.

The two sides praised the current level of political ties between Tehran and Algiers, and said deep-rooted ties and commonalties between the two countries highlight the significance of their expanding economic relations.

Bedjaoui said the Iranian President Mahmoud Ahmadinejad will be among participants at an upcoming summit of member states of the Organization of African Unity (OAU) slated to be held in Gambia in August, and called for preparations to be made for a meeting between the Iranian president and his Algerian counterpart, President Abdelaziz Bouteflika, to be held on the sidelines of the summit.

Iran has a supervisory chair at the OAU.

The NAM foreign ministerial meeting is scheduled to wrap up its work Tuesday evening with the issuance of a statement.

>>>Source<<<

[Al-khiyal]

TEHRAN, June 30 (ISNA)-Iran plans to launch its Peugeot 206 sedan export to Turkey, Algeria and Russia from August.

According to Iran Khodro, at the first stage nine hundred 206 sedans are to be exported to the Turkey, Algeria and Russian markets. This figure is to reach 10 thousand within a year.

This Iranian company hopes to enter half of the 39 worldwide markets available for this vehicle by the end of the year.

This is while Peugeot has faced a dilemma regarding this matter. Some in this company agree with Iran's export of this product and some do not, but Iran has strongly announced that it is serious and if Peugeot does not cooperate it will do it itself.

>>>Source<<<


Some 400 Samands will also be exported to Algeria within the next 15 days.

IKCO announces Samand export prices

[Al-khiyal]

TEHRAN, Sept. 18 (MNA) – To further promote and encourage Iranian investment in Algeria, the Algerian Minister of Industries and Commerce met with a number of Iranian entrepreneurs and members of Iran-Algeria Joint Economic Committee in Iran Chamber of Commerce on Monday, the Persian service of ISNA reported.

Heading a trade delegation to Tehran, Mahmoud Khoudri elaborated on laws and regulations governing foreign investment in Algeria and emphasized that unique opportunities such as exemption from customs and equipment import duties, value added tax exemption and transfer of ownership are awaiting the investors.

“Plans to construct two million residential units, 30 large dams, water conduits, new railroads going through mountainous regions and freeways have turned the country into a huge industrial shop which is in need of foreign capital particularly that of Iranian,” he noted, adding the said projects are estimated at 80 billion dollars total.

Referring to the great potentials offered by pharmaceutical sector for foreign ventures, the minister recounted that Algeria imports 70% of its required medicines at the cost of $1b and the rest rests with 54 state-owned companies. Auto, construction and food imports were also in Khoudri’s list, taking away well over $7b worth of revenues.

In continuation, he called for increased trade between the two nations and considered the current $6m annual exchange regrettable.

The head of Iran Chamber of Commerce, Alinaqi Khamushi, also voiced his concern over the trade figure and said, “Despite recent talks in various investment fields between the two countries, the trade volume has yet to realize its actual size.”

Algeria calls for Iran investment in growing economy

[Al-khiyal]

TEHRAN, Sept. 18--Chairman of Iran's Chamber of Commerce, Industries and Mines (ICCIM) has called for expanding economic ties between Iran and Algeria so that the two states can become the hub of markets in Islamic countries, ILNA reported here Monday.

Speaking at the Iran-Algeria Trade Seminar, Seyyed Alinaqi Khamoushi declared that the Fourth Five-Year Plan (2005-2010) has envisaged an eight-percent growth rate in gross domestic product (GDP) and an average 12.7-percent growth rate in investment, adding that the general policies of the country has targeted economic transparency and competitiveness.

"The 2005 economic indices recorded a GDP of $181 billion and trade exchanges of $98 billion for Iran," he said, adding that the volume of imports and exports stood at $42.5 billion and $55.5 billion respectively.
Referring to Article 44 of the Constitution, he clarified that under the article, the private sector will invest in projects previously implemented by the government.

Iran and Algeria set up a joint trade council to pave the way for more concentrated economic activities, he said, urging Iranian and Algerian chambers of commerce to introduce their potentials to each other, and thus improve trade relations and exchanges.

"Organizing exclusive exhibitions as well as participating in international and specialized exhibitions plays an important role in introducing the potentials and capabilities of the two states," he said.

Khamoushi called for making Iran-Algeria trade center operational, adding that the said center will serve as a focus for attracting investments and exporting goods plus techno-engineering services to each side.

Iran-Algeria trade seminar underway