Algeria

An association agreement between the EU and Algeria has been in place since 2005. In 2017, the EU and Algeria adopted new partnership priorities under the renewed European Neighborhood Policy. Algeria is rich in oil and gas and has used its wealth to create economic growth. The government is promoting the diversification of the national economy with, among other things, sustainable environmental policies and the promotion of environmentally friendly technologies and innovations. In addition, the country is rich in young start-up founding entrepreneurs who innovate the market and incentives for investment in the private sector. The new investments law (2022) aims to increase Algeria’s attractiveness to foreign investors. Anchored measures include bundled and simplified investment guarantees and incentives, and the establishment of a one-stop store. The new investment promotion agency, AAPI, has also replaced the long-standing development agency ANDI.

The EU and Algeria adopted their jointly agreed Partnership Priorities at the Association Council of 13 March 2017.  The Partnership Priorities set up a renewed framework for political engagement and enhanced cooperation in the following areas:

(i) political dialogue, governance, the rule of law and the promotion of fundamental rights;

(ii) cooperation, socio-economic development, including trade and access to the European single market;(iii) energy, the environment and sustainable development; (iv) strategic and security dialogue; and (v) the human dimension, including cultural and inter-religious dialogue, migration and mobility.