this European Commission finds his decision “extremely worrying”. Algerian Government Even less than 24 hours after the suspension of trade relations with Spain and the announcement, he is making a request from the Algerian authorities. turn back and return to the dialog to find one. diplomatic solution to the conflict between the two countries. “The most important thing is that we are concerned and we ask Algeria to reverse this decision,” said Eric Mamer, spokesperson for Community Steering Committee President Ursula von der Leyen.
Emphasizing that Algeria is a “partner”, Foreign Affairs Spokesperson Nebila Massrali said, “Algeria’s decision to suspend the 2002 Treaty of Friendship and Good Neighborhood with Spain is extremely worrying and we hope the Algerian authorities will review the decision.” and for “key actor” regional stability Hence the need to seek a negotiated solution. “Solutions must be found through dialogue and diplomatic channels. We hope that in the name of their solid and long-term partnership, Algeria will review its decision and work with Spain to resolve existing disputes.”
The European Commission is willing to mediate and provide “all necessary assistance” in this process, but the dialogue they agreed from Brussels must take place. two-sided level Between Madrid and Algeria. What community spokespersons don’t want to go into right now is whether a unilateral freeze on trade would constitute a violation of trade exchanges. partnership agreement with the European Union Algeria was signed in April 2002 and entered into force in September 2005. It is the agreement that sets the framework for relations in all areas, including trade, and is designed to achieve a full inclusive free trade area with the Mediterranean country in September 2020. removal of tariffs. Although there are tariffs that Algeria must eliminate, it is a globally met target, according to the Commission.
Trade, European competition
“Trade is a competence of the EU and trade relations are between the EU and third countries. This defines the framework in which we operate and third countries that do business with the EU and not with individual countries” . Assuming that, retaliation Algerians will affect not only Spain but the whole EU. The problem is, Brussels has few tools to put pressure on the North African country commercially. World Trade Organization (WTO).
According to the latest available trade data, Algeria is the EU’s twenty-eighth trading partner with only 0.7% of total goods trade in 2020. Against this background, the EU is Algeria’s largest trading partner and represents most of its international trade (46.7%). in 2019). In 2020, the EU and Algeria traded 24.9 billion euros. Algerian imports reached 11.4 billion, primarily mining products. Meanwhile, EU exports to Algeria amounted to 13.5 billion: machinery and transport equipment, agriculture, raw materials and chemical products.