Government & Politics
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 countries.

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."

The 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. 

One-to-one business meetings between the Maltese and Algerians, organised by the Ministry of Foreign Affairs of Malta, were held during the day.

The Business 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 Council.

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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