The prospects of Tunisian-Algerian cooperation in vital sectors, along with measures to update legislation facilitating the socio-economic integration of Tunisians and Algerians residing in both countries have always been a focus for the Tunisian and Algerian governments.
In this context, many Algerian business leaders expressed their willingness, during the 4th edition of the Tunisian-Algerian Business Forum held on Monday, to develop the partnership between the two countries, strengthen trade relations, and implement economic projects.
The 4th edition of the Tunisian-Algerian Business Forum was organized on Monday at the initiative of the Northwest Chamber of Commerce and Industry, as part of the celebration of the 67th anniversary of the Sidi Youssef events, which took place on February 8, 1958.
Strengthening trade relations
During the opening of the forum, Tunisian Minister of Trade and Export Development, Samir Abid, emphasized the strong political will of both countries’ leaders to support trade relations and launch investment projects that could promote economic cooperation, particularly at border crossings.
Abid noted that economic actors are creating more opportunities for the implementation of development or economic projects in both Tunisia and Algeria.
In the same context, the minister highlighted the firm and sincere commitment of both countries’ leaders to explore the best ways to boost joint cooperation while fostering networking between businesses and creating an investment-friendly climate.
$1.7 billion in bilateral trade
Tunisia has emerged as Algeria’s leading trading partner on the African continent. In 2023, bilateral trade reached $1.7 billion, with Algerian exports to Tunisia valued at $1.4 billion. These exchanges are primarily focused on industrial products such as cement, sugar, and steel products.
While Tunisia holds a prominent place in Algeria’s trade relations, other African countries also contribute to this growth dynamic. South Africa, with $330 million in trade, and Egypt, with $290 million, are among Algeria’s key partners.
Algerian exports to these countries include agricultural products, manufactured goods, and industrial equipment.
It is worth noting that Algeria and Tunisia have entered a new phase of cooperation and partnership since 2021. The two countries have signed a significant number of agreements aimed at expanding and consolidating areas of cooperation and partnership for the benefit of both nations.
These agreements cover various sectors, including justice, environment, energy, fisheries, startups, the pharmaceutical industry, and the development of border regions.
Additionally, according to Algerian media, Foued Eloued, the representative of the Tunisian National Tourism Office in Algeria, announced a 15.6% increase in the number of Algerians visiting Tunisia in 2024 compared to 2023.
Tunisia and Algeria share a common history, language, culture, and ancestral traditions, creating a sense of familiarity that attracts Algerian tourists. Furthermore, geographical proximity and excellent value for money add to this attractive picture, according to the same source.
