Controversy Over Importing -3 Years Old Used Cars After The Oil Disaster

The decision to re-import the -3 years old used cars noticed a significant delay, after the controversy that was raised at the beginning of the year 2020, and when it was discussed in the Finance Law for the year 2020, where complementary financial laws are currently being prepared before the issuance of the regulatory texts the frame the process of importing -3 years old used cars, at a time when MPs expect the decision to be cancelled due to the erosion of the treasury savings due to the collapse of oil prices, although the import of -3 years old used cars in the foreign currency will be taken from the pocket of the citizen, and not from the treasury money.

A member of the Finance and Budget Committee of the National People’s Assembly, Ammar Moussa, told Echorouk that the price of a barrel of oil fell to less than $ 30 and that no applied texts were issued to legalize the process of importing -3 years old used cars from abroad, despite the decision that was included in the financial law for the year 2020, and the lapse of nearly 3 months from its entry into service, reveals that there are intentions to cancel this project, especially that the next two supplementary financial laws will include austerity measures in light of the general situation of the country, and the lack of ready and near-term financial alternatives to finance the economy.

“There are those who pay to cancel the import of -3 years old used cars and this is repression against the citizen, especially that the process of owning and importing the car will be from his/her own money and not from the state allocations in foreign currency. The state must protect its currency and economy by devoting favourable control mechanisms. The citizen has the right to purchase a car according to his/her purchasing power, especially that Algeria’s cars that are produced in its factories are more expensive and lower in quality in addition to the fraudulent integration rate.”

“The topic will witness a sharp discussion, especially after the suspension of some factories and the reduction of import allocations and the inability of the national handling to provide installation requirements that may require time to set up. Today’s fear is not only of cancelling the import of -3 years old used cars, a decision that citizens have long waited for. Rather, the fear of not finding new and near-term sources of financing, given that the development reforms that are associated with developing the sectors of agriculture, industry and tourism take time, which today scares them from resorting to external borrowing or returning to money printing”.