Spain- Algeria: Towards more productive exchanges?

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Djamal Eddine Bouabdallah, President of the ASCAME Industrial Cooperation and Outsourcing Commission and President of the Algerian-Spanish Trade and Industry Circle

Between Algeria and Spain, economic relations have always been good. The exchanges recorded by history go back to the first millennium, the exchange is natural by the geographical proximity - with on both sides facades on the Mediterranean - and by their respective incursions and successive.

Today the two countries have consolidated this relationship by a sustainable energy connection through the two pipelines, the PDF (Pedro Duran Farell) and Medgas. The idea was and still is to deliver Algerian gas via Spain to European customers. It is clear that this cooperation has the logical purpose of supporting trade on both sides and consolidating other sectors of activity.

It should be recalled that both economies have undergone major changes. Spain has suffered a serious economic crisis that has cost seven difficult years of sacrifice and sacrifice from 2008 to 2015 to finally return to growth, recording the best European performance in 2016 and 2017. Algeria was not spared Since 2014 until today the balance of transactions remains negative generating a budget deficit and a public debt crescendo by consequence...

 


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