Minister of Industry Ahmed Zagdar discussed today, Sunday, opportunities for industrial cooperation between Algeria and Japan with the Minister Delegate for External Relations of Japan, stressing the need to strengthen the relationship between the two countries in the industrial field through the establishment of permanent and productive investment projects on a win-win principle.
According to the ministry’s statement, the minister said during the reception of the Minister Delegate for Japanese External Relations, Kanji Yamada, today, Sunday, at the ministry’s headquarters. Historically, the relations between the two countries are distinguished
He also reviewed with him the reality of the Algerian-Japanese economic relations, and ways to promote and develop them, within the framework of economic relations based on investment and win-win partnership.
And the He stressed the need to strengthen it in the industrial field, especially in light of the new reforms initiated by the President of the Republic, Abdelmadjid Tebboune recently, through the new legal system for investment, which would attract real investments of added value, and in light of the equality guaranteed by this law between local and foreign investors.
For his part, the Japanese delegate minister expressed the interest of many Japanese institutions to invest in Algeria, especially with regard to the mechanical industries, specifically the vehicle industry, the pharmaceutical industry, as well as the energy field, noting that they are making the necessary preparations to comply with the new provisions necessary to enter the Algerian market.
Yemada affirmed his country’s will to strengthen the presence of these institutions in Algeria, especially in light of its presence on an important axis that allows access to African, European and Arab markets.
In this regard, Zeghdar reaffirmed that the doors of cooperation and partnership are open to Japanese investors in all industrial fields to embody their projects in Algeria, while ensuring the exchange of knowledge and experiences between the two parties, and activating coordination to crystallize and promote these joint projects.
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