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7 April 2017
Client Alert | Algeria | Competition & International Trade
In its opinion No. 01/2017 of 31 March 2017, the Algerian Ministry of Trade announced the extension of the import licensing system to cover new industrial and agricultural products, after having announced earlier that the scope of the licensing system would be generalised to include all products intended for final consumption in Algeria (see statement of 21 March 2017).
The extension of the licensing system should be considered within the framework of a two-year on-going process, resulting in Algeria becoming more restrictive on imports.
As early as 2015, Law No. 15-15 of 15 July 2015 (the “Law 15-15”), which amends and adds to order No. 03-04 of 19 July 2003 (the “Order 03-04”), set in place a specific import licensing system. Executive decree No. 15-306 of 6 December 2015 sets out the application terms and conditions for the merchandise import and export licence regimes.
With falling oil revenues in mind, this system aims to safeguard Algeria’s “exterior financial balance” in order to limit the decrease of the country’s foreign reserve assets.
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