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December 5, 2024 | 1 month ago
Non-hydrocarbon exports to reach $15 billion by 2025
According to the President of CIPA, Algerian manufacturers are targeting $15 billion in non-hydrocarbon exports by 2025.
As part of a series of hearings designed to gather the concerns of economic operators and examine the factors and variables influencing the national economy, the APN's Committee on Economic Affairs, Development, Industry, Trade and Planning welcomed Abdelouahab Ziani, President of the Confederation of Algerian Industrialists and Producers (CIPA), on Wednesday.
Making better use of local potential
In his speech, Ziani detailed the current state of national industry and the best approaches for orienting local products towards export. "Algerian industry is in good health, but it can become even stronger", he asserted. He pointed out that the national industrial sector covers several branches, notably processed agri-food products, which account for between 18 and 25% of national production. "This proves that we have the skills needed to go even further, particularly in exports", he said.
He acknowledged, however, that challenges remain, not least dependence on imported raw materials. "We need to make better use of our local potential to develop our industries more and more", he added, before highlighting CIPA's diversified structure, which encompasses several specialized federations, including agriculture, agrifood, tourism and strategic services. "This enables us to take on board the concerns of the field", he points out.
With this in mind, he stressed the importance of removing bureaucratic obstacles and strengthening infrastructures to accelerate industrial development, while acknowledging an improvement in the business climate. Abdelouahab Ziani also expressed the ambition of seeing non-hydrocarbon exports reach the $15 billion mark by 2025, or even higher.
Need to support logistics
"Industrialists are highly motivated and capable of exceeding this estimate," he asserted. However, to do so, Ziani stressed the importance of benefiting from more export opportunities. According to him, economic operators focus on Africa as the main destination for their export products. The country's many assets support this ambition is supported. "Today, the laws have evolved to encourage any economic operator who wants to invest in the industry to export their products in complete freedom," he notes.
With this in mind, he called for greater logistical support. "We're asking for logistical support, especially as Algerian banks are already present in Mauritania and Senegal, and a new one is due to open in Côte d'Ivoire shortly", he declared. According to him, this banking network will facilitate exporters' transactions.
Processing raw materials imported from Africa in the South
Ziani also mentioned the free trade zones, which play an important role in processing and exporting products. "Today, there are 3 free zones, and their number could reach five shortly, particularly in the southern country. This will enable companies based in the north to set up in these zones to process and export their products. What's more, raw materials imported from Africa could be processed directly in the south," he explained, stressing the need to strengthen internal logistics.
"Our foreign banks must allow Algerian exporters to open accounts to repatriate their foreign currency more quickly. Today, this procedure takes up a lot of our time. It's essential that exporters feel secure and don't need to resort to foreign banking channels," he concluded.
December 5, 2024 | 
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