Algeria is taking new measures to control its imports. The broad outlines of these rules were decreed this Sunday, October 20, by the President of the Republic Abdelmadjid Tebboune in the Council of Ministers.
They revolve around two main axes. The first is not to penalize vital industries. The second is to submit the rest of the imports to licenses.
According to the press release from the Council of Ministers published by the Presidency of the Republic, the Head of State ordered “not to prevent any import of raw materials used in the production chain and in vital industries” and to submit the rest imports to a “prior license.” »
Imports: Algeria reinstates the licensing system
The President of the Republic maintained that “Algeria has not prevented and will not prevent imports”, but it only resorts “in case of necessity”, in order to “encourage the development of national production” and to “safeguard its foreign exchange reserves in order to strengthen the national economy and its stability”.
With these new measures, Algeria reinstates and generalizes the import license for imports with the exception of raw materials intended for vital industries.
In addition to imports, President Tebboune ordered the government to “radically review” the organization of trade in Algerian products to citizens. He called for the promulgation of a law which authorizes the capping of prices for seasonal products if “unreasonable prices” are observed on the market.
Mr. Tebboune also asked, during the same meeting, regulatory bodies and security services to observe “greatest vigilance”, and “to intensify surveillance” by raising it to “its highest levels » in order to put “food and agricultural products as well as medicines at the top of the list of priorities. »
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