November 7, 2021
1 min read

Algeria to cement ties with Italy

Mattarella began on Saturday a two-day visit to Algeria to boost cooperation, notably in the economic field…reports Asian Lite News

Algeria and Italy will strengthen cooperation in various fields, according to a joint statement made by Algerian President Abdelmadjid Tebboune and his visiting Italian counterpart Sergio Mattarella.

During a signing ceremony of partnership agreements between the two countries in the fields of justice, education and culture, Tebboune on Saturday said he expected Italy to help Algeria develop its small and medium-sized industry platform.

Algeria to cement ties with Italy

For his part, Mattarella said he looked forward to developing their cooperation, adding the forthcoming high-level Intergovernmental Committee will be an opportunity to reinforce their bilateral partnership, Xinhua news agency reported.

The Italian President added that Italy encourages Europe to invest more in the southern Mediterranean region, given that it is a doorway for partnership with the African continent, and “Algeria is a key element in this context.”

Mattarella began on Saturday a two-day visit to Algeria to boost cooperation, notably in the economic field.

The visit provides an opportunity for Italy and Algeria to discuss political and economic issues of common interest, as part of the strategic relations between the two countries.

ALSO READ: India, Italy Agree to Boost Energy Ties

In the energy sector, Algeria feeds 40 per cent of Italian natural gas need through the 1,200-km-long gas pipeline linking the two countries.

Bilateral trade in the first half of 2021 hit $5.9 billion, of which $4.2 billion were Algerian exports to Italy, according to the official figures.

As many as 384 Italian companies are investing in different fields in Algeria, including construction, manufacturing, mining, and engineering.

Previous Story

SPECIAL: Commonwealth Supports COP26

Next Story

Start off this Diwali with homemade delicacy of Naan Khatai

Latest from News

VPR Award Ceremony at TVM on October 1

The award was instituted by Kerala Media Academy with the support of VP Ramachandran’s family. The award contains a cash prize worth one lakh rupees, a citation, and a plaque Acclaimed journalist Shashi

GST Reform Fuels Auto Boom

Maruti Suzuki, India’s largest carmaker, also witnessed exceptional momentum. On Day 1 of the reforms, it reported over 30,000 retail sales and approximately 80,000 customer enquiries. Bookings for small cars rose by

Tejashwi claims ‘public fury’ against Bihar govt

Tejashwi Yadav’s Bihar Adhikar Yatra draws thousands, with RJD claiming growing anger over corruption, crime and unemployment, while NDA leaders tout development ahead of crucial state elections. Rashtriya Janata Dal (RJD) leader

NHAI Eyes Rs 40,000 Crore

Of this, the TOT route accounted for 53 per cent of total monetisation during FY2019-FY2025. InvIT, introduced in FY2022, has steadily expanded its share, reflecting NHAI’s strategy to diversify its funding mechanisms

China on Flood Watch

Forecasts from the ministry, warned of heavy to torrential rainfall between August 9 and 11 in multiple areas, including Sichuan China’s State Flood Control and Drought Relief Headquarters has issued a Level
Go toTop

Don't Miss

Troon Golf & Emaar Hospitality Group Celebrate 20th Anniversary

To celebrate the occasion, selected guests were invited to a

Iran blacklists 51 more US individuals over Soleimani’s assassination

Iran’s Foreign Ministry has blacklisted 51 more US individuals for