5 days ago
Negotiations With Brazilians on Strategic Economic Partnerships
Algeria is opening a new gateway to promising strategic partnerships on Tuesday by hosting the Algerian-Brazilian Business Forum.
This forum coincides with Brazil's assumption of the BRICS bloc's presidency for 2025 and just days after its official accession to the BRICS Bank.
This forum, hosted at the Sofitel Hotel in Algiers, reflects a clear trend toward diversifying economic alliances and opening up to the global South through balanced partnerships in priority sectors, most notably aviation, automotive, and meat.
This step comes at a time when Algeria's economic dynamism continues with other major powers, such as China, the European Union, and the United States, within a multipolar vision aimed at building a more balanced and equal cooperation system.
More than 20 leading Brazilian companies in strategic sectors, ranging from agriculture and food industries to machinery and equipment, transportation, healthcare, pharmaceuticals, plastics, aviation, vehicles, and auto parts, are participating in the bilateral business forum.
The event, organized by the Economic Renewal Council, the Brazilian Ministry of Foreign Affairs, and the APEX- Brasil Agency, in partnership with the Arab-Brazilian Chamber of Commerce and the Embassy of Brazil in Algeria, reflects the two countries' efforts to build a solid economic bridge that goes beyond mere trade to a true partnership based on the transfer of expertise, the exchange of interests, and the creation of productive investments.
This forum holds profound significance in light of Brazil's presidency of the BRICS group and following Algeria's official accession to the bloc's bank last week. This confirms its engagement in multipolar economic alliances, moving away from the traditional logic of dependence on limited partners.
The Algerian-Brazilian Forum is not an isolated event. Rather, it falls within a clear strategic vision adopted by Algeria in recent years, based on diversifying its portfolio of economic partners and investing in each partnership based on its qualitative advantages in specific sectors.
Previously on April, Algeria hosted a business forum with China, followed by another with Saudi Arabia. Just days ago, a high-level Algerian delegation, headed by Kamel Moula, participated in the Maryland Business Forum in the United States, with the participation of 35 businesspeople. Negotiations and meetings with the European Union are also ongoing to redefine the foundations of economic cooperation according to a more balanced vision that responds to national development priorities.
In this context, Algeria is no longer content with the role of a consumer market. Rather, it seeks to upgrade its domestic products and integrate them into global value chains, particularly in sectors such as food industries, cement, chemicals, pharmaceuticals, iron and steel, and desert agriculture. These sectors are experiencing rapid dynamism due to investment incentives and new reforms.
A partnership with Brazil, a major agricultural and industrial power, could open real prospects for Algerian products to penetrate Latin American markets, leveraging Brazil's expertise in agricultural mechanisation, livestock breeding, processing, and pharmaceutical industries.
This comes at a time when Algeria today realises that the current phase requires a transition from traditional partnerships to smart strategic partnerships based on integration, technology, and knowledge, far from the logic of unproductive imports or unbalanced deals. Therefore, it seeks to establish economic relations with partners capable of providing real added value, whether in training, innovation, or access to foreign markets.
The Algerian-Brazilian partnership appears to represent a promising model for this approach, given its diversity, balance, and a South-South vision that is more independent and in line with national interests.
