Tunisia, Algeria's top trading partner in Africa!
In this context, many Algerian business leaders expressed their willingness, during the 4th edition of the Tunisian-Algerian Business Forum held on Monday, to develop the partnership between the two countries, strengthen trade relations, and implement economic projects.
The 4th edition of the Tunisian-Algerian Business Forum was organized on Monday at the initiative of the Northwest Chamber of Commerce and Industry, as part of the celebration of the 67th anniversary of the Sidi Youssef events, which took place on February 8, 1958.
Strengthening trade relations
During the opening of the forum, Tunisian Minister of Trade and Export Development, Samir Abid, emphasized the strong political will of both countries' leaders to support trade relations and launch investment projects that could promote economic cooperation, particularly at border crossings.
Abid noted that economic actors are creating more opportunities for the implementation of development or economic projects in both Tunisia and Algeria.
In the same context, the minister highlighted the firm and sincere commitment of both countries' leaders to explore the best ways to boost joint cooperation while fostering networking between businesses and creating an investment-friendly climate.
$1.7 billion in bilateral trade
Tunisia has emerged as Algeria's leading trading partner on the African continent. In 2023, bilateral trade reached $1.7 billion, with Algerian exports to Tunisia valued at $1.4 billion. These exchanges are primarily focused on industrial products such as cement, sugar, and steel products.
While Tunisia holds a prominent place in Algeria's trade relations, other African countries also contribute to this growth dynamic. South Africa, with $330 million in trade, and Egypt, with $290 million, are among Algeria's key partners.
Algerian exports to these countries include agricultural products, manufactured goods, and industrial equipment.
It is worth noting that Algeria and Tunisia have entered a new phase of cooperation and partnership since 2021. The two countries have signed a significant number of agreements aimed at expanding and consolidating areas of cooperation and partnership for the benefit of both nations.
These agreements cover various sectors, including justice, environment, energy, fisheries, startups, the pharmaceutical industry, and the development of border regions.
Additionally, according to Algerian media, Foued Eloued, the representative of the Tunisian National Tourism Office in Algeria, announced a 15.6% increase in the number of Algerians visiting Tunisia in 2024 compared to 2023.
Tunisia and Algeria share a common history, language, culture, and ancestral traditions, creating a sense of familiarity that attracts Algerian tourists. Furthermore, geographical proximity and excellent value for money add to this attractive picture, according to the same source.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
African Manager
3 days ago
- African Manager
Libya strengthens controls on Tunisian and Egyptian goods
The Libyan Customs Authority announced measures aimed at 'improving transit services at the land borders with Tunisia and Egypt and protecting the country against spoiled and inferior quality goods,' reported the Libyan News Agency (LNA). This announcement was made during a meeting between the Authority's acting director, Major General Musa Ali Mohammed, the director of the General Administration of Technical Affairs, the director of the International Transit Department, and the director of the Authority's International Cooperation Office. The meeting focused on resolving obstacles to the transit of goods across Libyan territory. The Authority explained that a series of procedures and controls were agreed upon in this regard, notably the need to alert customs center officials of the obligation to obtain prior authorization for any transit operation, whether destined for or originating from Tunisia or Egypt, through the Authority's International Cooperation Office. The Authority also emphasized the necessity of obtaining a financial guarantee for the value of the goods from the exporting company, which is refundable once the transit operation is successfully completed. Authorization must also be obtained for the return of any goods from the Tunisian side back to the country of origin, or from the Egyptian side via the designated entry window on the Egyptian side. The Authority underscored its commitment to respecting the recommendations of the Libyan-Tunisian Customs Technical Committee concerning goods in transit. If the results of the predictive analysis of goods in transit are negative, those goods must be destroyed in the destination country.
African Manager
3 days ago
- African Manager
BTL signs up with Fininfo Solutions to modernize its UCITS operations
The Tunisian-Libyan Bank (BTL) is continuing its digital transformation by announcing the signing of a strategic agreement with Fininfo Solutions to deploy a cutting-edge technological solution dedicated to the custodian function and to the distribution of UCITS managed by its subsidiary, Leptis Asset Management. This project is part of BTL's stated intention to invest heavily in digital technology in order to optimize its operations, strengthen the reliability of its processes, and offer faster, more accurate services better suited to the expectations of its institutional clients and partners. The new solution will cover a complete functional scope: custody recordkeeping and control, fund administration, portfolio management, asset/liability management, and issuer services. Designed to be highly open to functional specifications, it will offer BTL the flexibility needed to easily integrate future innovations and adapt to market developments. At the heart of this modernization, BTL will introduce a 180-degree view of the client, integrating all tangible and intangible aspects of the client's relationship with the bank. This approach will offer a fungible and dynamic synthesis of all assets and commitments, current and future, linked to the account. It will greatly facilitate the decision-making process and will allow, with a single click, the validation of certain operations, thereby improving responsiveness and efficiency. Mr. Hatem Zaara, Chief Executive Officer of BTL, stated: 'This partnership with Fininfo Solutions marks an important stage in our digital transformation. We are investing in innovative tools that will improve the quality and speed of our services, while ensuring rigorous management in compliance with regulatory requirements. Digital technology is at the heart of our strategy and will continue to be a lever for BTL's development.' Mr. Fares Naiet Gaied, Manager of Fininfo Solutions, added: 'We are pleased to collaborate with BTL in implementing this solution. We will be a trusted digital partner, supporting it in its growth and ambitions by providing our expertise and technology.' This partnership will also foster enhanced synergies with the other entities of the Group, notably the investment bank and the asset management company, while supporting the growth and performance of the Private Bank branch. By deeply modernizing its infrastructures and placing digital technology at the service of its clients, BTL confirms its desire to anchor its development in an approach oriented toward innovation and efficiency, true to its new slogan: 'The Bank That Gets You.'
African Manager
3 days ago
- African Manager
Trade deficit continues to widen further
Has Tunisia's trade balance deficit become totally out of control? It would be hard not to think so in view of the succession of episodes of worsening of this deficit, the latest of which has just been recorded, Tuesday, by the National Institute of Statistics, which announced that the trade deficit at current prices widened at the end of July 2025, to -11,904.5 million dinars, against -9,631.8 million dinars during the first seven months of 2024. Therefore, the coverage rate reached 75.6% against 79.4% during the same period in 2024. According to a note published by the INS, this deficit comes mainly from energy (-6,037.2 million dinars), raw materials and semi-finished products (-3,800.4 million dinars), capital goods (-1,959.6 million dinars) and consumer goods (-930.7 million dinars). Conversely, the food group recorded a surplus of (+823.4 million dinars). On the other hand, it should be noted that the trade balance deficit excluding energy was reduced to (-5,867.4 million dinars), while the energy balance deficit stood at (-6,037.2 million dinars), against (-6,591.7 million dinars) during the first seven months of the year 2024. Exports fall by 0.2% The results of Tunisia's foreign trade at current prices during the first seven months of 2025 show that exports fell by 0.2% to.36,973.4 million dinars, from 37,034.9 million dinars during the same period in 2024. By sector, exports recorded an increase in the mining, phosphates and derivatives sector (+8.6%) and in the mechanical and electrical industries sector (+6.5%). Moreover, exports recorded a decrease in the energy sector (-34.8%) due to the drop in sales of refined products (381.3 million dinars against 1,143.1 million dinars), as well as in the agri-food industries sector (-17.5%) following the fall in the value of olive oil sales (2,506.1 million dinars against 3,636.2 million dinars) and in the textile, clothing and leather sector (-0.2%). For Tunisian exports to the European Union, during the first seven months of the year 2025 (70.6% of total exports), they reached the value of 26,120.1 million dinars against 25,914.6 million dinars during the first seven months of the year 2024. Exports increased with Germany (+15.4%), France (+7.5%) and the Netherlands (+11.8%). Conversely, they decreased with Italy (-9.4%) and Spain (-30.4%). To Arab countries, exports increased with Libya (+12.5%), Morocco (+38.5%), Algeria (+20.8%) and Egypt (+48.9%). Imports rise 4.7% As for imports, they reached the level of 48,877.9 million dinars against 46,666.7 million dinars during the same period of the year 2024, thus recording an increase of 4.7%. According to the breakdown of products, imports recorded an increase in imports of capital goods (+18.6%) and of raw materials and semi-finished products (+6.6%); likewise, imports of consumer goods rose by (+12.1%). Conversely, imports of energy products recorded a decrease of (-14.9%) and food products of (-5.1%). With regard to imports from the European Union (44.2% of total imports), they reached 21,591.4 million dinars against 20,639.5 million dinars during the first seven months of the year 2024. Imports increased with France (+12.7%) and with Germany (+10.3%). Conversely, they fell with Italy (-0.7%), with Greece (-29.7%) and with Belgium (-7.6%). Outside the European Union, imports increased with China (+37.2%) and Turkey (+14.9%). Conversely, they recorded a decrease with Russia (-21.9%) and India (-9.2%).
