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Algeria becomes a potential market for Vietnamese agricultural products and food

 Last Update: 2022-05-15
 Source: Internet
 Author: User

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NDO - Deputy Director-General of the Trade Promotion Agency of Vietnam’s Ministry of Industry and Trade Le Hoang Cai said that Algeria is one of Vietnam’s most important partners in Africa
.
At present, the two countries are promoting relations in various fields such as economy, trade and investment
.

In order to help enterprises develop this market, within the framework of the National Trade Promotion Plan 2022, the Trade Promotion Agency of the Ministry of Industry and Trade and the Vietnam Commerce Department in Algeria will jointly hold a consultation meeting on exports to the Algerian market on April 19
.
The event will be held in Ho Chi Minh City along with platforms such as Zoom and the Facebook fan group of the Trade Promotion Agency
.

At the consultation meeting, the experts and rapporteurs of the plan will guide enterprises to grasp and adopt Algeria's import and export regulations, standards and conditions for some agricultural products and food , help enterprises and manufacturers to adopt and comply with them, help Vietnamese enterprises to resume production and promote exports
.

Vietnam’s trade counselor in Algeria, Hwang Duc Run, said that in recent years, Algeria advocates diversifying its economy, promoting exports and reducing imports, but this is still a potential market for Vietnamese goods
.
It is worth noting that the Algerian market has a large import demand for Vietnam's advantageous products such as coffee, pepper, cashew nuts, aquatic products and beverages
.

　　Although Algeria is a potential market for Vietnamese enterprises and an important gateway to increase investment and trade cooperation with African countries, the bilateral trade volume between the two countries is still relatively small
.

　　According to statistics from the General Administration of Vietnam Customs, the bilateral trade volume between Vietnam and Afghanistan in 2017 reached 300 million US dollars, of which Vietnam’s exports to the country amounted to about 281 million US dollars
.
In 2021, Vietnam’s exports to Algeria will only reach US$153 million, of which the export volume and export value of green coffee beans will be 56,545 tons and US$99.
68 million, respectively
.
In the first quarter of this year, Vietnam’s exports to Afghanistan reached US$306 billion, down 0.
5 percent compared to the same period in 2021
.

　　In particular, coffee accounts for 65% of the total export value of Vietnam's exports to Algeria
.
In the future, Algeria will still be an export market with huge potential for Vietnamese coffee, and coffee will also become the largest product exported from Vietnam to Algeria
.
Next is rice
.
In addition, Algeria has a greater demand for pepper, cinnamon and cashew kernels
.
Aquatic products have also become one of the top five products exported from Vietnam to Afghanistan, accounting for the largest proportion of Vietnam's exports to this market
.

　　However, Huang Derun said that when exporting products to this market, companies need to carefully understand the market and policies related to tariffs, labor laws, payment methods,
etc.
(Finish)

agricultural food

　　However, Huang Derun said that when exporting products to this market, companies need to carefully understand the market and policies related to tariffs, labor laws, payment methods,
etc.
(Finish)

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