A delegation of British businessmen is expected to pay visit to Algeria in next November so to promote the Algerian-UK economic partnership, Algerian embassy in London said.
In preparation of this mission organized by the UK-Algerian Business Council, a meeting attended by the delegates of some 50 British companies was held past Wednesday at the Algerian embassy in order to give them an outline on the Algerian market’s potentials.
During the meeting, Algerian ambassador to London Amar Abba, and Lord Risby, the British PM's Economic Partnership Envoy for Algeria welcomed the "rapid and strong evolution" of the bilateral economic relations in many areas in recent years.
Indeed, the Algerian diplomat stressed that trade between the two countries rose 280%, from USD$ 1.6 billion in 2010 to $ 6.7 billion in 2013, "perfectly illustrates the significant rise recorded in bilateral relations."
Other source of satisfaction mentioned by the Algerian ambassador is the variety of the economic relations and the more and more remarked presence of the British operators in the Algerian market.
While noting the predominance of the oil industries in the bilateral relations, he, however, underlined that cooperation in promising industries such as pharmaceuticals, education, public health, finances and even agriculture and space industry is enhanced further.
So, Abba and Lord Risby have affirmed to the British traders that this "significant development" in bilateral relations reflected both governments’ commitment to boost the cooperation and to establish a "strategic partnership."
Lord Risby, who paid several visits to Algeria since being named in October 2012 as the British PM's Economic Partnership Envoy for Algeria encouraged the UK businessmen to go to Algeria and profit from the various opportunities available.
Speaking to the British businessmen attending the meeting, he underlined the significant improvement of business climate in Algeria and the rapidity with which the Algerian authorities iron out difficulties that arise during the discussions on the draft partnership agreements.