Turkish President Recep Tayip Erdogan urged Algerian authorities to lift the import restrictions and quotas it has imposed in a bid to curb the surging imports bill and consequently delay the depletion of its foreign reserves. Algeria is Turkey’s largest trading partner in Africa with overall trade totaling $4 billion. “I hope we will increase our trade and investments with Algeria to $10 billion mutually,” Erdogan said. Erdogan’s calls came after similar remarks by the EU, which denounced last year the “restrictive measures imposed on bilateral trade” without prior consultation. Algeria ranks 156th out of 190 countries listed by the World Bank in its “Doing Business” index.

Source: The North Africa Journal March 01, 2018 17:26 UTC