Malta committed to further support Euromed
By MaltaMedia News
Sep 11, 2007 - 9:05:05 AM
While officially opening the Maltese-Algerian Business Meeting at the
El Mithak State Residence in Algeria, Maltese President Dr Edward
Fenech Adami said that the island remains committed to
continuing its support for the Euromed Process.
He also reaffirmed
Malta's good will to work with Algeria and other Mediterranean partner
Upon arriving in Algeria at the start of a two-day
official visit on Monday, President Fenech Adami was welcomed by Algerian counterpart Abdelaziz Bouteflika at a ceremony
at Algiers International Airport Hourari Boumediene .
In his opening speech of the Maltese-Algerian Business Meeting , the Maltese President said "The timing of this business forum is most propitious since it comes at
a time when Algeria is consolidating its economic reform programme in
partnership with the private sector. The implementation of the EU/Algeria
Association Agreement and the on-going negotiations for Algeria's membership of
the World Trade Organisation testify to Algeria's increasing integration into
the world economy."
President added that Malta views Algeria as a country with abundant
resources and great economic potential.
Trade relations between Malta
and Algeria are presently covered by the terms and provisions of the
preferential Algeria-EU Euromed Association Agreement and it is clear that this
Agreement can further improve and reinforce bilateral commercial interests.
President Fenech Adami concluded by saying that the early conclusion of
negotiations on the signing of a Double Taxation Avoidance Agreement will help
to improve the business climate between the two countries.
business meetings between the Maltese and Algerians, organised by the Ministry
of Foreign Affairs of Malta, were held during the day.
Delegation is composed of the Malta Enterprise, Air Malta, Bank of Valletta,
International Safety Training Centre Ltd, Lufthansa Technik Malta, MBL Shipping
Agency Ltd, Bristow Potteries, University of Malta, EC English School, FimBank,
Power Plan Ltd, Vassallo Builders, Time International Sport Ltd, Hudson Holdings
Ltd., MGA Design Consulting Ltd, Grant Thornton, Blue Marble Travel Services
Ltd, Algeria Cruise Services, Elektra Co Ltd, Azzopardi Fisheries, Eros
Trading, and Hydroelectric Ltd.
In the evening, the President was hosted
to dinner by Mr. Abdelkader Bensalah, President of the National
Meanwhile also on Monday, Minister Michael Frendo had talks with
the Algerian Minister of Foreign Affairs Mr. Mourad Medelci and the M.
Hamed Temmer, Minister for Industry and Investments Promotion. During the
meeting various areas of potential economic co-operation were discussed. Amongst
these, tourism, transport, training and assistance in the development of
e-government facilities were brought up.
The President also had
calls at the State Residence Etat de Zeralda by Mr. Abdelkader Bensalah,
President of the National Council, followed by a call by Mr. Abdelaziz
Ziari, President of the National Assembly.
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