ANNOUNCEMENT 06 Sep 2010

In September 2010, the government of Algeria announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 06 Sep 2010 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

 On 6 September 2010, Algeria presented the Supplmentary Budget 2010. Following are policies from the biudget that affect international trade and investment- 

  • Any firm bidding for a state contract is required to form a joint venture with an Algerian company
  • The budget sets a new rule for setting prices when the state buys a foreign owned firm, and henceforth prices will determined not by the market but by an expert valuation
  • An import tax on private grain imports was instituted if the import price of wheat was lower than the domestic price
  • An exemption from obtaining a letter of credit for the value of goods imported is provided for industries which need to import materials essential to production, up to a value of 2 million Algerian dinars.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A