Dmytro Kuleba: Our goal to open up Algeria’s markets for Ukrainian business
13 October 2020 17:47

This was announced on Tuesday, 13 October 2020, by Minister for Foreign Affairs of Ukraine Dmytro Kuleba during a telephone call with Minister for Foreign Affairs of Algeria Sabri Boukadoum.

"As part of a renewed vision for the development of Ukraine's relations with the African continent, we have set a goal to open up Algeria's markets for Ukrainian business," the Ukrainian Minister said.

Dmytro Kuleba stressed that it is unacceptable that vital bilateral contacts at the political level are not taking place with key countries of the region, in particular Algeria which became Ukraine's second largest trading partner in Africa in 2019.  

The ministers agreed to hold next month the second round of the political consultations between the Ministries of Foreign Affairs of Ukraine and Algeria during which a wide range of bilateral issues will be discussed: from supporting Ukraine's sovereignty and territorial integrity on the international arena to developing cooperation in industry, education and tourism.

"Within the framework of the political consultations, Ukraine and Algeria intend to sign a bilateral agreement on the establishment of the Joint Intergovernmental Commission on Bilateral Cooperation which is an effective tool to promote trade and investment, as well as to hold a business forum with leading Ukrainian and Algerian companies," said Dmytro Kuleba.

Dmytro Kuleba invited Sabri Boukadoum to pay an official visit to Ukraine at his convenience.

For reference: in 2019 the total volume of trade in goods and services between Ukraine and Algeria reached a record level for bilateral relations - USD 614.4 mln. Last year Algeria became the second largest trade partner of Ukraine in Africa after Egypt.

Consultations between the foreign ministries of the two countries have not been held since 1993. The last visit at the level of foreign ministers took place in 2002.

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