Americans Advise Algerian Government To Scrap 51/49 Investment Rule

The Ambassador of the United States in Algeria, Her Excellency, Joan Polaschik, has advised the Algerian Government to forsake the 51/49 investment rule.

According to the senior US diplomat, this rule constitutes a hurdle to potential American investors in several fields of endeavour, other than oil and gas, saying this will most promising in the future as the United States has now become an energy  producer. 

And thus, Algeria, she noted must cope efficiently with the newly-unfolding situation by investing in an alternative profit-yielding market notably in the fields of agriculture, construction and pharmaceuticals.

Ms. Polaschik made this “recommendation” at a press conference on the sidelines of her visit to the pavilion of the United States of America at the International Fair of Algiers (FIA) which opened last Saturday. 

As a reminder, 810 exhibitors, including 405 foreign companies, including 32 from the USA, hailing from 33 countries are present at this 49th edition of the FIA.

The US diplomat said her country won’t be a simple investor, but a full partner for Algeria, while highlighting the good relations that exist between the two countries in the political and security areas. 

Ms Joan Polaschik also hailed the unflagging efforts made by Algeria in the resolute fight against the terrorism scourge and in the fostering of peaceful settlement of regional conflicts, notably in Mali and in Libya.