Algeria-Portugal: For strategic economic partnership

ALGIERS- Algeria seeks to develop a strategic partnership with Portugal based on economic complementarity and technology transfer, Minister of Industry, SMEs and Investment Promotion Cherif Rahmani said Sunday.

 “We want to establish a strategic partnership with Portugal based on economic complementarity between the two countries, as well as the technology and know-how transfer,” Rahmani explained at the opening of the third meeting of the joint bilateral commission on economic cooperation in Algiers.

Rahmani recalled the public authorities’ new industrial development strategy, underlining the importance for Algeria to move towards “a convergent action with its partners for a pragmatic cooperation based on mutual benefits.”

In this respect, Rahmani emphasized the need “to transform the context of the global crisis into an opportunity for economic development for both Algeria and Portugal.”

To that end, many industrial sectors have been identified by the representatives of the two countries to support this cooperation, particularly industry, building and public works, energy and mining, food and information and communication technologies (ICT).

A working group for the development of this strategic partnership was installed on the sidelines of this meeting in order to identify the economic and technical cooperation opportunities between the two countries according to the needs of the Algerian side and the possibilities offered by the Portuguese side, the minister said, underlining the two countries’ will to expand cooperation to other industrial areas.

(APS) Sunday 17 February 2013