On November 4, 2026, Algerian Minister of Foreign Trade and Export Promotion Kamal Rzik welcomed Italian Ambassador to Algeria Alessandra Sciacqua at the ministry's headquarters. The meeting aimed to explore ways to strengthen trade and economic ties between Algeria and Italy. This encounter provided an opportunity for both parties to discuss the development of bilateral exchanges and the activation of the Algerian-Italian Business Council.
The Algerian-Italian Business Council is seen as a framework to enhance communication between economic institutions, intensify joint initiatives, and explore partnership opportunities. During the meeting, Rzik and Sciacqua emphasized the importance of enhancing coordination and joint action. They also encouraged economic operators to seize available opportunities in both markets, thereby supporting the development of trade and economic cooperation between the two countries.
Algeria and Italy have been working to bolster their economic relations in recent years. Italy is one of Algeria's main trading partners in the European Union. The two nations have significant potential for cooperation in various sectors, including energy, industry, and agriculture. By strengthening their trade ties, both countries aim to increase their bilateral exchanges and promote investments.
The meeting between Rzik and Sciacqua comes at a time when Algeria is seeking to diversify its economy and reduce its dependence on hydrocarbons. The country has been implementing various measures to promote non-oil exports and attract foreign investment. Italy, with its strong economy and industrial base, is well-positioned to support Algeria's efforts in this regard.
According to official data, the volume of trade between Algeria and Italy has been steadily increasing over the years. In 2025, bilateral trade reached a record high, with Italy becoming Algeria's second-largest trading partner. The two countries have set a goal to further increase their trade exchanges and explore new areas of cooperation.
The Algerian government has been actively promoting its economic relations with European countries, including Italy. The country's strategic location in North Africa makes it an attractive partner for European businesses looking to expand into the African market. By strengthening its ties with Italy, Algeria aims to enhance its economic integration into the region and increase its competitiveness.
The meeting between Rzik and Sciacqua reflects the commitment of both countries to deepening their economic cooperation. As the two nations continue to explore new opportunities for trade and investment, their bilateral relations are expected to grow stronger. This, in turn, is likely to have a positive impact on the economic development of both Algeria and Italy.
Key points
- Algeria and Italy aim to enhance their trade and economic cooperation through the activation of the Algerian-Italian Business Council.
