H.E. Mr. Abdelmalek Sellal calls for robust economic partnership

1st Business Forum

ALGIERS, 17 Dec: Algerian Prime Minister Abdelmalek Sellal called Thursday the Algerian and the Iranian businessmen to intensify cooperation in a view to creating a robust economic partnership between the two countries’ companies and heighten the bilateral political relations to excellence.

 In his opening address of the first Algerian-Iranian businessmen forum, Sellal underlined the

Need for intensifying the efforts to reinforce the economic cooperation and build a robust partnership in the sectors of agriculture, industry, mines and the information and communication technologies.

"We know Iran’s potentials in this field and we want to take advantage (of them)," he said, adding that "we work together to strengthen our capacities to embark on promising markets."

According to the Premier, "the Iranians have the opportunity to embarking on major markets in the region via Algeria."

He called on the Algerian economic operators to take advantage of the opportunities offered by the Iranian economy to increase the cooperation in the promising economic sectors of added value, mainly industry, mining and agriculture.

Iran’s First Vice-president Eshaq Jahangiri, as for him, emphasized the importance of this meeting which constitutes a new departure of the economic relations, which have not reached the level of the political cooperation between Algeria and Iran."

Jahangiri announced that Algeria and Iran have agreed to "establish a High Joint Commission to strengthen the economic cooperation and partnership between the two countries, co-chaired by Sellal and himself."

This mechanism will, according to him, follow up the implementation of the agreements of bilateral economic cooperation (50 agreements).

 Concerning the hydrocarbon sector, Jahangiri called for strong cooperation between the producing countries, notably Algeria and Iran to "stabilize the crude oil prices on world market and counter the conspiracy against the producing countries, to which participate some Muslim countries."