“The free trade agreement signed in 2017, which will enter into force in September 2020, will be a disaster for the national economy,” said Ali Bey Nasri, president of the Federation of Algerian Exporters. He said Algerian imports from the European Union had amounted to $283 billion since 2005, but exports amounted to $12 billion, mainly in petroleum products. Algeria has been a party to a trade agreement with the European Union since 2005, which has been extended to a free trade agreement. But government leaders said they were frustrated by what they described as “unbalanced conditions”. You said that the agreement opens the Algerian market to EU imports, but that it harms local agriculture and manufacturing. Algiers has repeatedly asked to renegotiate the terms of the agreement. The Algerian majority is opposed to the entry into force of the agreement. Algeria is weighing its losses on a trade deal with the European Union, while its government plans to deepen relations with Africa in order to get the country out of its economic slump. Since 2005, Algeria has concluded an association agreement and a free trade agreement with the European Union.  The agreement between Brussels and Algeria entered into force at the beginning of September 2005, provided that both markets had been opened in preparation for the creation of the free trade area. According to Ali Bey Nasri, president of the National Federation of Exporters, Algeria imported €240 billion worth of goods from the EU between 2005 and 2017, while exports, mainly of petroleum-based products, reached only €10 billion.
On Wednesday, Prime Minister Abdelaziz Djerad promised an in-depth review of the country`s trade conditions and promised to revise all economic and trade agreements “harmful to the country”. .