Ivan Nalic, Russia’s representative in Algeria, said: DEA Newscountries are working to increase trade between the two countries.
The Russian trade representative noted that the annual trade turnover between Russia and Algeria is about 3 billion dollars.
“Work continues to increase and diversify the trade turnover between us,” said Nalich.
The trade representative identified several promising areas in this regard, including agriculture, mining, the food industry, engineering and pharmaceuticals.
April 26, Argentina’s Ambassador to the Russian Federation Eduardo Swain declarationArgentina grants entry to the BRICS (Brazil, Russia, India, China, South Africa) after the group meeting in Durban in August. Earlier it was reported that Algeria, Argentina and Iran applied to join the BRICS. Saudi Arabia, Türkiye and Egypt have expressed their interest in BRICS membership.
Bloomberg quotes statistics from analysts at the International Monetary Fund (IMF) reportedthat this year, as expected, the BRICS countries will deliver 32.1% of global growth, and the G7 countries (UK, Germany, Italy, Canada, France, Japan and the USA) – only 29.9%.