Algerian-Korean cooperation: 50 projects under negotiation
Fifty projects involving private and public operators are in talks between Algeria and South Korea, revealed yesterday by Dr Joe Dong Joo, in charge of research at the Korea Institute for Industrial Economics and Trade.
Presenting a paper at the opening session of the 3rd meeting of the Task Force Algerian-Korean Joe Dong Joo nevertheless stressed the urgent need to "take action". "It is time for the realization of the consultations," he argued after lamenting the "absence of large projects between the two countries." A fact which contrasts with the dynamics facing the trade between Algeria and South Korea, he argues. Statistics to substantiate the charge of South Korean research has indicated that the growth of relationscommerciales is impregnated with a "strong pace." "The average annual change is 26% over 2001-2006, "he said. The South Korean exports consist mainly of cars, plastics, machinery, steel and mobile, while purchases from Algeria's limited hydrocarbons and mines. This is proof, says Joo, the existence of a large potential investment that could go up to the creation of a free trade area. " In terms of investment, a first draft of a joint venture in the field of electronics could emerge. LG covets indeed the National Electronic Industries Company (ENIE). "LG has expressed interest in ENIE," said Minister of Participations and Investment Promotion, Abdelhamid Temmar, at the same meeting. On this project, Temmar highlight: "The South Koreans have submitted a phased approach with which we agree. "Representatives of LG in Algeria visited the facilities of ENIE at Sidi Bel Abbes (western Algeria). Met on the sidelines of the meeting, Deuk-Soo Ahn, CEO of LG Electronics office in Algiers to assess issues rather "positive" of the site ENIE. For its part, the domestic firm is shows great interest in the partnership. According to a framework of ENIE, who requested anonymity, the proposal by LG is the "most serious".
Industrial Strategy: The Korean expertise
addition to the priority development of new towns Bouinan (Blida) and Sidi Abdallah (west of Algiers), Koreans want more details on the new town of Ghardaia. The Deputy Minister of Industry, Energy and Commerce, Young Ho Oh, who led the Korean delegation, stressed the interest of his country into a hub for integrated farming and of agribusiness. A shift in the M'zab Valley is scheduled for today. Beyond the local market, the South Koreans want to rely on Algeria as a platform for production and export to African and European markets. They also need the Algerian natural resources to fuel growth plans as the "dragon" in Asia. By 2020, South Korea plans to spend between 8th and 10th largest economy with a growth rate of 5.6% per year. Today it is 11th. Korean expertise was also involved in the new strategy Industrial Algeria. While acknowledging that this strategy is largely an "inspiration Korean" Minister of Participations and Investment Promotion said that what interests Algeria to longer term is "the development of intelligence including research and development, expertise and innovation. On this point, Temmar insisted that the industrial strategy has been "delayed by the election laws." Ensuring that it will be restarted after the installation of the new government, Mr. Temmar, who watched in its development, no longer gives a timetable for its passage by the Council of Ministers. Regarding bilateral cooperation, several areas were identified. It is the energy, agriculture, new information technology, electricity, electronics and automobile assembly. By late morning, a memorandum of understanding was signed between the Algerian Chamber of Commerce and Industry (CACI) and the Korea International Trade Association (KITA). The delegation of 105 operators and 58 organizations. Mr. Zentar
Presenting a paper at the opening session of the 3rd meeting of the Task Force Algerian-Korean Joe Dong Joo nevertheless stressed the urgent need to "take action". "It is time for the realization of the consultations," he argued after lamenting the "absence of large projects between the two countries." A fact which contrasts with the dynamics facing the trade between Algeria and South Korea, he argues. Statistics to substantiate the charge of South Korean research has indicated that the growth of relationscommerciales is impregnated with a "strong pace." "The average annual change is 26% over 2001-2006, "he said. The South Korean exports consist mainly of cars, plastics, machinery, steel and mobile, while purchases from Algeria's limited hydrocarbons and mines. This is proof, says Joo, the existence of a large potential investment that could go up to the creation of a free trade area. " In terms of investment, a first draft of a joint venture in the field of electronics could emerge. LG covets indeed the National Electronic Industries Company (ENIE). "LG has expressed interest in ENIE," said Minister of Participations and Investment Promotion, Abdelhamid Temmar, at the same meeting. On this project, Temmar highlight: "The South Koreans have submitted a phased approach with which we agree. "Representatives of LG in Algeria visited the facilities of ENIE at Sidi Bel Abbes (western Algeria). Met on the sidelines of the meeting, Deuk-Soo Ahn, CEO of LG Electronics office in Algiers to assess issues rather "positive" of the site ENIE. For its part, the domestic firm is shows great interest in the partnership. According to a framework of ENIE, who requested anonymity, the proposal by LG is the "most serious".
Industrial Strategy: The Korean expertise
addition to the priority development of new towns Bouinan (Blida) and Sidi Abdallah (west of Algiers), Koreans want more details on the new town of Ghardaia. The Deputy Minister of Industry, Energy and Commerce, Young Ho Oh, who led the Korean delegation, stressed the interest of his country into a hub for integrated farming and of agribusiness. A shift in the M'zab Valley is scheduled for today. Beyond the local market, the South Koreans want to rely on Algeria as a platform for production and export to African and European markets. They also need the Algerian natural resources to fuel growth plans as the "dragon" in Asia. By 2020, South Korea plans to spend between 8th and 10th largest economy with a growth rate of 5.6% per year. Today it is 11th. Korean expertise was also involved in the new strategy Industrial Algeria. While acknowledging that this strategy is largely an "inspiration Korean" Minister of Participations and Investment Promotion said that what interests Algeria to longer term is "the development of intelligence including research and development, expertise and innovation. On this point, Temmar insisted that the industrial strategy has been "delayed by the election laws." Ensuring that it will be restarted after the installation of the new government, Mr. Temmar, who watched in its development, no longer gives a timetable for its passage by the Council of Ministers. Regarding bilateral cooperation, several areas were identified. It is the energy, agriculture, new information technology, electricity, electronics and automobile assembly. By late morning, a memorandum of understanding was signed between the Algerian Chamber of Commerce and Industry (CACI) and the Korea International Trade Association (KITA). The delegation of 105 operators and 58 organizations. Mr. Zentar
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