Car manufacturers in Algeria: here are the details of the negotiations
Economy – Several car manufacturers have expressed their desire to come and set up their production plants in Algeria, discover in this article from November 23, 2022 the details of their negotiations with the Algerian authorities.
Indeed, several car manufacturers wish to set up in Algeria, and negotiations are already underway with the Algerian authorities. In any case, this was revealed by the director general of the development of industry, Salem Ahmed Zayed, on the airwaves of channel 1 of the National Radio.
In detail, Ahmed Zayed indicated that many foreign brands are interested in the Algerian market. Negotiations are ongoing but their results cannot be made public at this time. Because they must first be deposited at the level of the commissions.
Furthermore, the same speaker explained that the Algerian public authorities had taken the decision to begin discussions with the group of potential investors as a whole. And this, in order to ensure the profitability of the products and to achieve the agreed production rates.
The manager did not rule out the possibility of the Peugeot brand entering the Algerian market. Indicating that the installation of Fiat will not prevent that of Peugeot, because the latter two belong to the same group. The global market has 18 groups. And each group has 10 to 20 brands.
Automotive industry in Algeria: the State is working to set the conditions for activity
Concerning the rate of integration, the manager explained that it is studied with the expertise offices on the basis of the principle of real and effective industrialization. The integration therefore takes place in a technical way, which was not the case before.
Also, factories will only be able to take advantage of the advantages linked to added value and customs duties if they reach an integration rate of 30%. And a new process including customs exemptions . And fees for seized inputs will soon be unveiled.
In addition, within two years, the new specifications will be exempt from all customs duties and royalties. This concerns the production of parts that go into the automotive production process. In addition, regulations will be put in place to define the areas of activity in the automotive industry.
Source: websites