Over 16.000 Imported Products To Be Screened Due To Austerity

Commerce Ministry launched in coordination with the Ministries of Agriculture, Rural Development, Maritime Finance, Industry and Mines, and representatives of the Customs and taxation according to the Committee that was created in 2015, to decide on the import licenses, in the study of the national market needs of different imported products for the coming year, which is equivalent to 15.946 products, as the import quota is expected to reduce the import of a number of products during 2017, the products which the government was able to achieve, through realizing self-sufficiency by the year 2016, and is expected to be ready by the beginning of next September.

Head of Algerian Exporters Association, Ali Bay Nasseri told Echorouk that the new customs’ system will be adopted starting from July 17, which includes a system with 10 numbers, as it will put an end to operations to benefit from the randomized customs exemptions, which will decide in each subject that is entering the Algerian market, which will refer to the adoption of 15.946 tariffs instead of 6126 tariffs, that are approved at the present time, stressing that the number of imported products reached more than 15.000 items, and waits for reducing it significantly during 2017, according to the import quota after the deficit in the trade balance during the five months reached $ 10 billion.

“New concessions were granted to the Algerian exporters, whose numbers increased from 500 sources during 2015 to 700 sources in the first six months of 2016, meaning the entry of 200 new operators, who are mostly from the sectors of agriculture and the food industry, Algeria exports fertilizers and ammonia and achieved a historic leap, and it is expected to exceed over one billion dollars in 2016, at a time when it was much less during the past years.”

“Low incomes on exports out of hydrocarbons in the first months of the current year, despite the efforts that are made in this framework, is due to a decline in Algeria’s exports of derivatives of hydrocarbons, which equalled $ 900 million in 2014 by Sonatrach, to drop last year to $ 500 million, and is expected to crumble next year, due to the repercussions of the oil crisis, calling for a comprehensive re-evaluation of the export process and decision in each division separately.