British Government encourages its companies to strengthen presence in Algeria, says Lord Green

British government encourages companies to think seriously in strengthening their presence in Algeria for investment opportunities offered by the Algerian market, Trade Minister Lord Green told APS.

 “We encourage the British companies to think seriously in exploiting investment opportunities offered by the Algerian market and participate more in the country’s projects”, Lord Green added during a meeting organized by the British authority in charge of upgrading trade and investment to view the new strategy of the British government in this area.

Lord Green, who described Algeria as an emerging market recently, expressed relief for the cooperation between the United Kingdom and Algeria.

The British-Algerian economic ties noticed an increasing development and a new regular recovery which is characterized by improvement in exchanging visits between delegations of both countries.

Statistics of the Algerian customs show that the trade exchange between Algeria and UK amounted to approximately $2b in 2009, including $181.1b representing Algerian exports and $720b that represent imports.