Vietnam affected by Algeria’s import tightening policy
The Algerian government has issued a new import policy for 2018, under which more than 850 products will be banned from entering the country, including those from Vietnam.
Illustrative image (Source: VNA) Algiers (VNA) – The
Algerian government has issued a new import policy for 2018, under which more
than 850 products will be banned from entering the country, including those from
Vietnam.
The banned goods include dried fruits, cheese, fresh fruits (excluding banana), fresh vegetables (excluding garlic), a number of meat, tuna, products processed from corn and meat, chewing gum, confectionary and chocolate, sweet cakes, soup, mineral water, household appliances and construction materials, among others.
Algerian Prime Minister Ahmed Ouyahia said the import ban is not contradictory to agreements reached between Algeria and the European Union as well as other foreign partners, adding that new measures aim to prevent foreign currency outflows and protect domestic firms that are unable to compete with foreign rivals.
Vietnamese Commercial Counsellor in Algeria Hoan Duc Nhuan said once the new policy takes effect, Vietnam’s exports such as mobile phones, confectionery, cereals, fruits and vegetables, iron and steel, ceramics will be negatively affected.
According to the General Department of Customs, Vietnam’s exports to Algeria hit 264 million USD in the 11 months of this year, up 9.3 percent from the same period of 2016, mostly coffee, mobile phones and rice. The country also spent 6 million USD on imports from the African country.
Since the Algerian government tightened imports by issuing licences for 24 imported products in June 2017, including mobile phones, and banned imports of enameled tiles and wood, Vietnam’s exports to the country has declined remarkably.
In August, September and October, Vietnam was unable to ship mobile phones and spare parts to Algeria.
In November, Vietnam earned only 12.63 million USD from exports to Algeria, down from 38.8 million USD in May and 36.5 million USD in June.-VNA
The banned goods include dried fruits, cheese, fresh fruits (excluding banana), fresh vegetables (excluding garlic), a number of meat, tuna, products processed from corn and meat, chewing gum, confectionary and chocolate, sweet cakes, soup, mineral water, household appliances and construction materials, among others.
Algerian Prime Minister Ahmed Ouyahia said the import ban is not contradictory to agreements reached between Algeria and the European Union as well as other foreign partners, adding that new measures aim to prevent foreign currency outflows and protect domestic firms that are unable to compete with foreign rivals.
Vietnamese Commercial Counsellor in Algeria Hoan Duc Nhuan said once the new policy takes effect, Vietnam’s exports such as mobile phones, confectionery, cereals, fruits and vegetables, iron and steel, ceramics will be negatively affected.
According to the General Department of Customs, Vietnam’s exports to Algeria hit 264 million USD in the 11 months of this year, up 9.3 percent from the same period of 2016, mostly coffee, mobile phones and rice. The country also spent 6 million USD on imports from the African country.
Since the Algerian government tightened imports by issuing licences for 24 imported products in June 2017, including mobile phones, and banned imports of enameled tiles and wood, Vietnam’s exports to the country has declined remarkably.
In August, September and October, Vietnam was unable to ship mobile phones and spare parts to Algeria.
In November, Vietnam earned only 12.63 million USD from exports to Algeria, down from 38.8 million USD in May and 36.5 million USD in June.-VNA
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