The Minister of State, Minister of Foreign Affairs and International Cooperation Ramtane Lamamra, met on Thursday in Washington the members of the Algerian caucus in the US Congress where he discussed the intensification of Algerian-American economic relations.
The meeting was attended by the President of the Caucus Algerian, the congressman Sean Duffy, Algeria’s Ambassador to Washington, Madjid Bouguerra and the Permanent Representative of Algeria to the United Nations, Sabri Boukadoum.
The exchange with this group of congressmen, friends of Algeria, focused mainly on the new legislative and regulatory measures in terms of investment and improvement of the business climate in Algeria, Mr. Lamamra , told APS on during his interview.
The Minister indicated that he had explained to the Caucus that these new investment incentives put in place by the government.
The presentation aimed at “answering certain preoccupations and questions posed by the American business community regarding the investment climate in Algeria”, he said.
“We shared information with our Caucus friends who welcomed them with great satisfaction. We explained that these questions will find satisfactory answers in the legislative and regulatory texts that have been considerably modernized,” he added.
During the exchange with members of the House of Representatives, the minister noted that “the practices of the Algerian administration have been simplified and become incentive for investment and for building partnerships with Algerian economic operators “.
Mr. Lamamra explained that Algeria caucus is “convinced of the need to further develop the economic partnership between Algeria and the United States which has already started to expand to other sectors such as agriculture and Pharmaceutical industry.