Algeria: Algeria aims for prominent role in trade insurance in Africa and Arab-Muslim world
Source: Middle East Insurance Review | Jan 2025
Algeria aspires to become a major player in facilitating and ensuring trade in Africa and the Arab-Muslim world to support initiatives promoting fair and dynamic international trade, said finance minister Laaziz Faid, in a report by Algeria Press Service.
He said that risk management in international commerce “creates a climate of confidence and serenity in favour of economic operators and transforms commercial opportunities into productive activities, thus contributing to the strengthening of regional trade and economic growth”.
The minister said the growth of Algerian exports excluding hydrocarbons could “reach significant levels by 2030”, thanks to legal and legislative reforms governing international transactions, the development of entrepreneurship, the strengthening of investment, the creation of a favourable environment to expand trade and encourage economic operators to access foreign markets, particularly in the Arab-Muslim and African regions.
Mr Faid also said that Algeria desired to strengthen cooperation with the AMAN Union, a regional professional forum for commercial and non-commercial risk insurers and reinsurers. M