Category: Economy
Date: Tuesday, January 7, 2025, 4:08 PM
Minister of Trade Outlines Proactive Strategy for Market Stability
Algiers – The Minister of Internal Trade and Market Regulation, Tayeb Zitouni, announced today in Algiers that, in coordination with other sectors, precautionary measures have been taken to avoid any potential market disruptions during the upcoming holy month of Ramadan.
In a speech delivered on his behalf by Hussein Zaoui, Acting Director General of the Algerian Chamber of Commerce and Industry, during an informational day on the 2025 Finance Law, Zitouni highlighted the ministry’s proactive program. This initiative ensures the stability and availability of consumer goods, agricultural products, and foodstuffs, especially ahead of Ramadan, by engaging productive sectors like agriculture, industry, and external trade. Local government authorities and professional associations are also key participants in this effort.
Strengthening Local Monitoring Efforts
Zitouni commended the efforts of joint local committees tasked with monitoring daily market conditions and implementing immediate interventions when necessary. These committees operate under the direct supervision of the country’s governors, who, during their recent meeting with the government, stressed activating local monitoring units to guarantee consistent market supplies.
He urged intensified efforts to enhance local production efficiency, improve supply chains, and foster innovation within the business community. These efforts align with the agenda of President Abdelmadjid Tebboune, which prioritizes food security, protecting citizens’ purchasing power, promoting local production, and ensuring balanced and regular market supply.
Upcoming Economic Census
The minister also touched upon the forthcoming economic census of national products, a project entrusted to the Algerian Chamber of Commerce and Industry. This census aims to assess production capacities and guide local investment, ultimately contributing to a deeper understanding of Algeria’s economic dynamics and enabling the formulation of effective public policies.
Insights from the Finance Minister
Finance Minister Laaziz Faïd emphasized that the 2025 Finance Law addresses critical challenges facing the national economy. During the event, he outlined measures and incentives aimed at improving purchasing power, ensuring social stability, and mobilizing additional tax resources without increasing fiscal pressure.
The law also encourages the adoption of electronic payment systems to reduce reliance on cash-based transactions, aligning with Algeria’s strategic economic goals.
Investment and Regional Development
Representatives from the Algerian Investment Promotion Agency revealed that over 11,700 investment projects had been registered by the end of 2024, including 218 involving foreign investors. These projects are expected to create more than 284,900 direct jobs upon completion, with the industrial sector taking the lead at 38%, followed by transportation and public works at 20%.
In terms of regional distribution, 27% of the projects are located in the High Plateaus, while 21% are in southern provinces, supporting balanced regional development.
Industry Feedback
Jamal Kaidoum, a representative of the Algerian Economic Renewal Council, praised the measures in the 2025 Finance Law, emphasizing their focus on improving citizens’ purchasing power and encouraging local investment. Meanwhile, Kamel Hamani, President of the Algerian Chamber of Commerce and Industry, underlined the importance of such informational events to clarify and detail the law’s provisions for economic operators, ensuring greater understanding and benefit.
The event was attended by the Director General of Customs, Major General Abdelhafid Bakhouch, along with officials from the Ministries of Finance and Trade, professional organizations, and economic institution representatives.
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Author: Nor-Eleslam
