African Investment Forum: Algeria called upon to work so AfCFTA materializes

APS - 25 May 2021

ALGIERS- Participants in the African Investment and Trade Forum on Monday called upon on Algeria to lead African countries towards the materialization of their common market, expected as part of the African Continental Free Trade Area (AfCFTA), in force on January 1st, 2021.

During this Forum, organized under the slogan the "African production" in the presence of some 350 economic operators and more than 49 African countries, Advisor to President of the Republic in charge of economic affairs Abdelaziz Khelaf said that the high objective of Algeria is to help the continent move from the area of developing countries to that of developed ones, through the encouragement of inter-African cooperation.

Director General of the Arab-African Center for Investment and Development (CAAID), Amine Boutalbi highlighted Algeria's pioneering role for sustainable development in Africa, affirming that Africa will experience, in the next ten years, a great economic recovery thanks to its resources and wealth.

AU representative Hussein Hassen said that inter-African investment must constitute the real engine of the African economy, urging the 55 countries of the continent to enhance cooperation and create fruitful partnerships in the various commercial, industrial and agricultural fields, which are beneficial for Africa.

During this Forum, organized by CAAID, representatives of African embassies called on Algeria to lead African countries towards the materialization of the continental common market and to promote inter-African investment opportunities, including the export of Algerian products to the continent.