Algeria's total import turnover of goods in general will reach 40 billion USD in 2023. Although Algeria is advocating diversifying its economy, the country must import most goods, of which 50% is food, food.
The Algerian market has a need to import Vietnam's strong products, especially agricultural products such as raw coffee, pepper, cashew nuts, coconut meat, freshwater seafood... According to statistics from Algerian Customs, the exchange Trade between the two countries will reach about 300 million USD in 2023. Because it is not yet a member of the WTO, import taxes into Algeria remain high, an average of 30%. The goal of the Algerian government is to promote attracting foreign investment, develop domestic production, diversify the economy and increase exports, especially non-oil and gas products.
In order to support domestic businesses to access and penetrate this market, in 2022, the Vietnam Trade Office in Algeria (also responsible for Gambia, Mali, Niger, Senegal and Tunisia) compiled the book "Business and Investment Handbook". investment in the Algerian market”.
Vietnamese businesses interested in this North African country can refer to information by downloading free books here (file download password is camnang).
