Algeria seems determined to emerge from the crisis in which it is floundering. Aware that the solution to the multidimensional slump is above all economic, the authorities, as part of the efforts to develop the industrial sector, are turning to the all-powerful Japanese. Japan.
It is the Minister of Industry, Ahmed Zeghdar, who proposed today, Wednesday, October 13, to the Japanese ambassador, Akira Kunu, more investment contracts for the country of the rising sun in Algeria. This proposal made by the minister comes at a time when local industrial production is far from citizens’ expectations.
Industry: more presence for the Japanese in Algeria
In a press release from the Ministry of Industry, it is stated that the doors of cooperation and partnership are open to Japanese investors. The Japanese are notably invited to enrich the Algerian industrial landscape with their experience in all the field of electronic and mechanical industries, in which Japan has a wide experience in terms of mastery of technology.
The minister also called on Japanese institutions to intensifier their presence in Algeria. He notably mentioned “Fundamental and structural reforms” in the legal system of investment. Zaghdar also argued to “Stability, attractiveness and privileges” that this system will bring.
Algeria, according to the Minister of Industry, could become Japan’s gateway to the African market, within the framework of the African free trade zone. For any response, the ministry’s statement indicated that the Japanese ambassador expressed “The keen interest of Japanese institutions” for the minister’s proposal, in particular for “Invest in the light of the African free trade area”.