Arab Today, arab today algeria seeks to promote nonoil exports
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Algeria seeks to promote non-oil exports

Arab Today, arab today

Arab Today, arab today Algeria seeks to promote non-oil exports

Algerian PM Abdelmalek Sellal
Algiers - XINHUA

Algerian Prime Minister Abdelmalek Sellal said on Monday his country is seeking more measures to diversify its exports to cope with the challenge of falling global oil price.
The prime minister made the remarks at a conference organized by Algeria's Ministry of Trade as authorities seek more practical measures to enable the oil rich nation to increase the volume of non-oil exports.
Sellal said that the drop of oil prices could serve as a "valuable opportunity" to diversify Algeria's economy and exports and end dependency on hydrocarbons.
"The international economic environment marked by a sharp decline in oil prices represents for Algeria a valuable opportunity to address the trade situation in a bid to gradually end dependence on hydrocarbons by diversifying exports and national economy," he noted.
"Algeria is urged to have a long-term perspective towards an emerging economy based on national entrepreneurship that supports local efficient, wealth and job generating companies," the prime minister specified.
In recent months, the Algerian government has been advocating for the diversification of the national economy and increasing exports to confront the potential damage of the lasting oil prices drop.
The crude prices fell from 110 U.S. dollars a barrel to 50 dollars in less than a year, forcing the Algerian government to suspend some projects in various fields, including housing, health, education, and public works.
Algeria's exports dropped by 4.47 percent to 60 billion dollars in 2014 and its trade surplus also fell by 53.5 percent to 4.6 billion dollars in the same period.
Hydrocarbons represent more than 95 percent of the North African nation's exports.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today algeria seeks to promote nonoil exports Arab Today, arab today algeria seeks to promote nonoil exports

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today algeria seeks to promote nonoil exports Arab Today, arab today algeria seeks to promote nonoil exports

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday