US Congress for stronger economic partnership between Algeria, U.S

APS - Thursday , April 28, 2016

WASHINGTON- The US Congress reaffirmed Wednesday its commitment for stronger mutually beneficial economic partnership between Algeria and the United States.

During a meeting on investment opportunities in Algeria, held jointly by the Algerian Embassy in Washington and the US-Algerian Business Council (USABC) and Congressional Algeria Caucus, the participants underlined the need to boost and strengthen business relations between the two countries.

"Partnership opportunities between the United States and Algeria have not been fully explored. Many prospects in the sectors of car industry, information technology, food-processing and steel industry can be additional sources for fruitful cooperation," said co-chairman of Algeria Caucus Sean Duffy, who co-chaired the meeting with Algerian Ambassador Madjid Bouguerra and USABC president Smail Chikhoune.

The republican congressional representative called on his colleagues of Algeria Caucus to contribute in their respective districts for "the promotion of mutually beneficial partnerships between the American and Algerian business communities."

"We can respond positively to the Algerian Government's willingness to boost the country's industry by opening economy to foreign investors," said Sean Duffy while addressing the representatives of US companies at the meeting.

"American companies should seize this genuine opportunity," he added during the meeting, which was also attended by the Chairman of the House Committee on Foreign Affairs, Edward Royce, and representatives of the US Department of State.

A total of 109 American companies are operating in Algeria, including many oil firms which concluded partnerships with the national hydrocarbon company SONATRACH, said the congressman.

For his part, Bouguerra underlined the investment opportunities in Algeria, citing the incentives for foreign investors.

"Under the leadership of President of the Republic Abdelaziz Bouteflika, Algeria projects today an image of stability and security," said Bouguerra.