France will adapt to Algeria’s Finance Act, says MEDEF’s president
Laurence Parisot
France considers Algeria’s new Complementary Finance Act as legitimate and unquestionable and it wants to remain the first economic partner of Algeria, president of France's influential MEDEF employers' association said on Tuesday.
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“We have the ambition of remaining Algeria’s first partner. Some enterprises discovered the new Complementary Finance Act with surprise. They need time to adapt to it but this time is passing. The game rules are a must for everyone. If French investors want to continue working, they should accept that,” Laurence Parisot told a news conference in Algiers.
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“We consider those rules as legitimate and unquestionable but also an opportunity of a competitive aspect,” she added.
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Parisot who held a meeting with Algerian Prime Minister Ahmed Ouyahia on Monday said French chief of enterprises are delighted to invest and work in Algeria. “Algeria is a major economic partner.”
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She believes that French investments have remarkably increased for the last three years, saying some investors may reconsider their business plan.
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She also said France has a firm attention to automobile construction in Algeria.
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MEDEF’s president stressed the importance of taking advantage of privatisation in Algeria.” “We would be stupid if we miss all these opportunities.”
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A total of 70 representatives of Medef (Movement of French Enterprises Patrons) attended a meeting with Algeria’s Forum of Chiefs of enterprises (FCE) Monday in Algiers in an attempt to emphasise the French presence in the country.