Products Awaiting Export to Algeria

Dear Member,

In the letter sent to our Chamber by TOBB, with reference to the letter received from the Ministry of Trade dated 22.12.2022 and numbered 81198560, an initiative was taken before the Ministry of Trade, within the framework of information received by our Union from one of our Chambers, regarding the problems experienced with goods and products prepared for export from our country to Algeria and kept in our exporters' warehouses before the said country put into force the requirement, in imports into Algeria, to research whether the products that Algerian importing companies wish to import are available in that country's market, and the reply letter referenced above was received from the Ministry on the matter.

The letter gives information that an electronic interactive platform for national products has been put into operation by the Ministry of Trade and Export Promotion of Algeria. In this context, it is explained that a practice has been introduced whereby, before Algerian companies carry out the bank domiciliation process (a file that must be opened at a bank by the importing company before importation) for the products they will import, it must be verified through the said Ministry's website whether the product to be imported is available on the national market.

With reference to information received from the Commercial Counsellor's Office in Algiers, the letter states that the said practice entered into force with the notification of the Algerian Association of Banks (ABEF) dated 24.04.2022, a copy of which is attached, and records that import files opened and approved before that date are exempt from the new practice. In this context, it is emphasised that, for bank import files to be opened after that date, it has become mandatory for the relevant document to be requested by Algerian banks upon the instruction of the Algerian Ministry of Finance and Trade.

In addition, the letter further states that, under Algeria's legislation on import payments, import payments exceeding 750 US Dollars must be made through the banking channel within the framework of an approved import file, that it is possible to pay a maximum of 15% of the import value as an advance on the basis of a guarantee, and that advance import payments outside this scope do not comply with the legislation in force.

Accordingly, as also stated in the letter, it is considered that it would be beneficial for our exporters to make enquiries with the Algerian importing companies they deal with on the matter, and to contact our Commercial Counsellor's Office in Algiers ([email protected]) regarding the import files of products kept in warehouses which, although approved before 22.04.2022, are sought to be made subject to the new practice.

Kind regards,

Elazığ Chamber of Commerce and Industry

 

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Date Added :2023-01-02 03:41:00