Algerian authorities set new measures to control importations

Algerian authorities have set up a new system to impose a strict control on imported goods after having noticed that “most of the imported goods which destined for investment and benefited from tax rebates were sold again on the Algerian market”.

According to sources these products include cars, equipment, raw materials of all kinds. The overall value was estimated at more than $ 7.11 billions.

The executive order stipulates that all goods have to be supervised and approved by people in charge of the dossier in the Agency for promotion of investments. This new measure aims at “assuring that the goods imported tally with the declarations made by the investors.”

To recall the national agency fro the promotion of investments received an important number of projects in tourist and industrial sectors. As to foreign investments, most of them deal with services , telecommunications and hydrocarbons .