Algeria

PEOPLE’S DEMOCRATIC REPUBLIC OF ALGERIA

Contact the bulgarian trade representative

Ministry of Economy and Industry

Head of Department “Asia, Africa, America and Australia”

Adelina Kioseva

12 Knyaz Alexander I St.

Tel.: +359 2 940 76 88

a.kioseva@mi.government.bg

Algeria Desk Officer

Tatyana Doncheva

12 Knyaz Alexander I St.

Tel.: +359 2 940 78 81

t.doncheva@mi.government.bg

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1. TRADE BETWEEN BULGARIA AND ALGERIA

A lasting trend in bilateral trade is that Bulgarian exports significantly exceed imports, with a positive trade balance observed in recent years.

Source: Ministry of Economy and Industry

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2. LEADING GOODS IN BILATERAL TRADE

Leading goods in trade with Algeria in 2024

Exports from Bulgaria

• Wheat and meslin (wheat and rye mixture) – USD 412.5 million (72.7%)

• Barley – USD 24.0 million (4.2%)

• Petroleum oils – USD 21.4 million (3.8%)

• Particle board – USD 21.1 million (3.7%)

• Carbonates; peroxocarbonates; commercial ammonium carbonate – USD 18.8 million

• Mineral or chemical fertilizers – USD 15.7 million (2.8%)

• Fibreboard – USD 17.3 million (1.3%)

• Phosphinates, phosphonates, phosphates and polyphosphates – USD 6.5 million (1.1%)

• Aluminium foil – USD 6.4 million (1.1%)

• Unwrought zinc – USD 3.8 million (0.7%)

Imports from Algeria

• Ammonia, anhydrous or in aqueous solution – USD 34.1 million (76.4%)

• Mineral or chemical nitrogen fertilizers – USD 3.6 million (8.1%)

• Unwrought lead – USD 3.3 million (7.5%)

• Plastic waste, parings and scrap – USD 1.1 million (2.4%)

• Synthetic staple fibres, not carded or otherwise processed for spinning – USD 0.8 million (1.9%)

• Petroleum gas and other gaseous hydrocarbons – USD 0.6 million (1.5%)

• Compression-ignition internal combustion piston engines – USD 0.6 million (1.3%)

• Polyacetals, other polyethers and epoxy resins in primary forms – USD 0.3 million (0.6%)

• Carobs, seaweeds, sugar beet and sugar cane, fruit stones and kernels – USD 0.05 million (0.1%)

• Float glass and ground or polished glass – USD 0.04 million (0.1%)

Source: Ministry of Economy and Industry

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3. COOPERATION IN THE FIELD OF INVESTMENTS

According to data from the Bulgarian National Bank, the total foreign direct investment from Algeria in Bulgaria at the end of 2024 amounted to EUR 0.7 million.

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4. OTHER

Joint Bulgarian–Algerian Committee for Economic, Scientific and Technical Cooperation

The Joint Bulgarian–Algerian Committee for Economic, Scientific and Technical Cooperation (JBACESTC) was reactivated during the period 30 June – 2 July 2006 (originally established in 1964). A total of twenty sessions have been held to date.

The Twentieth Session of the Committee took place on 27–28 February 2014 in Algiers, People’s Democratic Republic of Algeria. The following agreements were signed:

• Agreement on cooperation in the field of tourism;

• Agreement on cooperation in the field of information technology and communications;

• Agreement on cooperation in the field of sport;

• Agreement on scientific and technical cooperation between the Agricultural Academy of Bulgaria and the National Institute of Agronomic Research of Algeria.

A Bulgarian–Algerian Business Forum was also held on 27 February 2014 alongside the session.

On 25 May 2016, the First Meeting of the Monitoring Committee to the Joint Bulgarian–Algerian Committee was held in Sofia.

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EU–ALGERIA RELATIONS

As a major regional actor and an important energy producer, Algeria is a key partner of the EU in the Southern Neighbourhood region. An Association Agreement entered into force in 2005. Since 2013, Algeria has also participated in the European Neighbourhood Policy.

The EU and Algeria have not yet adopted Partnership Priorities for the period 2021–2027; therefore, cooperation continues on the basis of the priorities adopted at the Association Council meeting in March 2017.

The Partnership Priorities establish a renewed framework for political engagement and enhanced cooperation, focusing on:

i) governance and fundamental rights;

ii) socio-economic development and trade;

iii) energy, environment and climate change;

iv) strategic and security dialogue; and

v) the human dimension, migration and mobility.

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5. LEGAL FRAMEWORK OF ECONOMIC COOPERATION

The contractual and legal framework governing economic cooperation between the two countries includes:

• Agreement on the Promotion and Mutual Protection of Investments (in force since 2002);

• Agreement for the Avoidance of Double Taxation of Income and Property (in force since 2005);

• Memorandum of Cooperation between the Bulgarian Small and Medium Enterprises Promotion Agency and the Algerian Export Promotion Agency (signed on 27 March 2007);

• Cooperation Agreement between the Bulgarian Export Insurance Agency and the Algerian Export Insurance and Guarantee Company (signed on 27 March 2007);

• Agreement on Economic Cooperation (signed in 2011).