Algerian president ratifies 23-year pending agreement with Turkey

The agreement, which was signed on May 25, 1998, but was not approved by the Algerian government, will increase the passenger flow and trade volume between the two countries.

The agreement aims to increase cooperation with Turkey in the field of transport and maritime affairs, according to Algerian officials.

Algerian authorities have not offered any explanation regarding the long-term delay of the agreement.

Algeria is a partner for Turkey with increasing importance in Africa and considered to be an important partner in the Islamic world and Africa for Turkey.

In 2013, Prime Minister of Turkey Recep Tayyip Erdoğan paid a visit to Algeria and met Algerian President Abdelaziz Bouteflika in Algiers. Increasing cooperation, both economic, political, and security, were placed.

“We see Algeria as an island of political and economic stability in the region. Our first trading partner in Africa is Algeria.” said Turkish President Erdoğan and he added: “Therefore, around one thousand Turkish firms are in Algeria carrying on businesses with an investment volume of 3.5 billion dollars.”

Algeria is Turkey's 23rd largest export market and 25th largest supplier of goods imports with a total trade volume of 4.5 billion while Turkey is Algeria's 6th biggest economic partner.

Algeria's most exported goods to Turkey is oil hydrocarbons and natural gas. Algeria imports construction material the most from Turkey. Algeria is the 4th biggest natural gas supplier of Turkey with %8 percent of the share. (ILKHA)