Algeria loses billions of dollars every year due to its association agreement with the European Union. This was stated by RIA News Murad Kawashi, Professor of Economics at Umm El Bouaghi University.
He emphasized that Algeria “gained nothing” but lost a lot under the association agreement with the European Union.
“European loses billions of dollars every year due to customs advantages for its goods,” the expert said.
According to the original agreement, Algeria was supposed to receive benefits in exchange for European investment and technology. However, according to Kawashi, the North African country has not received what was promised from the EU for several years.
This caused Algerian politicians and the public to raise the issue of revising the partnership agreement because “most of its provisions did not work.” The analyst emphasized that if the situation does not change, the document should be revised in a way that will benefit both parties.
Mid-August in Algeria I suspectedThat Europe will replace Russian gas with supplies from Nigeria.
Previously Algeria and the European Union spoke For the restoration of President Bazoum in Niger.