Home Latest News Algeria rejects union of banking employers with Spain on trade blockade

Algeria rejects union of banking employers with Spain on trade blockade


Algeria this Saturday, trade relations with Spain “ exclusive privileges of the state Not from professional organizations like the Association of Banks and Financial Institutions (ABEF), according to a memo collected by the official APS news agency.

In this way, Algeria banking bosses reject ABEF On Thursday, July 28, it announced the lifting of the restrictions agreed on June 9. suspend automatic payments Blocking transactions for foreign trade between two countries.

ABEF (bringing together about thirty banks and financial institutions operating in Algeria) defends the interests of professional associations and their members“, received the note from the official agency.

Thus, according to this note, “complaints for now by some media outlets about the alleged decline in Algeria’s trade relations with Spain. they are wrongbecause no official information on this matter has been disclosed to the public by the competent authorities or institutions”.

ABEF’s decision was taken after the Treaty of Friendship was suspended on 8 June, and although the Government did not disclose itself at the time, it has blocked goods at customs since June, in addition to paralyzing the opening of new operations.

This Saturday, via the official news agency, “ financial and commercial decisions Those who make a commitment to the state are received by the Council of Ministers, the Ministry of Finance or the Bank of Algeria and announced through official channels.

Algeria defended this Saturday “sovereign decision” Suspension of the agreement with Spain and phrases called “hasty” and “unfounded” It was issued at that time due to possible paralysis of trade and violation of community agreements by the European Union (EU).

“The haste and bias of these statements highlights the inadequacy of their content, as this is a political dispute with a European country of a bilateral nature, which does not affect Algeria’s commitments with the EU,” the Algerian Ministry of Foreign Affairs said in a statement. .

Algeria and Spain live unprecedented diplomatic crisis Ever since Madrid took a turn in Western Sahara policy by supporting the proposal for autonomy for the former Spanish colony in Morocco and moving away from the historic location to hold a referendum on self-determination.

Source: Informacion



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