The Algerian government has officially lifted import restrictions on 851 products, which were imposed in January 2018. The restrictions were initially implemented as part of the 2018 Finance Law. The decision to lift the restrictions was made after the government faced pressure from the European Union, with which Algeria signed an association agreement in 2005. However, the lifting of restrictions does not apply to vehicles and cars.
The Algerian Ministry of Commerce announced that the restrictions were lifted, but new taxes will be imposed on imported products to protect local industries. The taxes, which range from 30 to 200%, will be applied as part of the Additional Provisional Safeguard Duty (DAPS). The DAPS aims to prevent competition with locally produced goods and to encourage national production. The new taxes will be applicable starting immediately.
The list of products subject to the DAPS includes various items such as meat, fruits, vegetables, cosmetics, and construction materials. The Ministry of Commerce stated that the list of products subject to the DAPS can be revised and updated periodically, based on the evolution of national enterprises and the monitoring of import volumes. The government aims to strike a balance between allowing imports and protecting local industries.
The lifting of import restrictions is expected to increase the availability of products in the Algerian market, but consumers may face higher prices due to the new taxes. The Ministry of Commerce emphasized that the DAPS is an instrument to safeguard the balance of payments, encourage national production, and develop emerging industries. The government is seeking to promote economic growth while protecting local industries.
Certain categories of importers are exempt from the new taxes, including individuals importing goods for personal use, diplomats, and representatives of international organizations. Additionally, vehicles imported for specific purposes, such as industrial assembly or for the needs of people with disabilities, are also exempt. The exemptions aim to support specific groups and promote economic development.
The Algerian government has been working to promote economic growth and development, while also protecting local industries. The imposition of the DAPS is part of a broader strategy to encourage national production and reduce reliance on imports. The government aims to create a more balanced and sustainable economy.
The lifting of import restrictions and the imposition of the DAPS are expected to have a significant impact on the Algerian economy. The government will monitor the effects of the new measures and make adjustments as necessary. The Ministry of Commerce emphasized that the goal is to promote economic growth, protect local industries, and ensure a stable and sustainable economy.
Key points
- Algeria lifts import restrictions on 851 products, but imposes new taxes to protect local industries.
