Algeria aims to consolidate its new dynamic with Spain and expand its partnership with Madrid. The country's efforts were highlighted in a recent meeting between Algerian Secretary General of the Ministry of Foreign Affairs Lounès Magramane and Spanish Secretary of State for Foreign Affairs and Global Affairs Diego Martinez Belio. The meeting was part of the political consultations between the two nations, which have intensified in recent months.
The discussions focused on the state of bilateral relations and ways to strengthen them, particularly after the visit of Spanish Prime Minister Pedro Sanchez to Algeria on July 20, at the invitation of Algerian President Abdelmadjid Tebboune. The visit led to decisions to diversify cooperation areas between the two countries. Algerian Foreign Minister Ahmed Attaf and his Spanish counterpart José Manuel Albares also met on the sidelines of the 81st UN General Assembly session.
The preparation of the eighth Algerian-Spanish High-Level Meeting, scheduled for the coming weeks in Madrid, was a key topic of discussion. The meeting aims to evaluate various cooperation areas and identify new prospects for the bilateral partnership. Several draft bilateral agreements and memoranda of understanding are being studied and may be signed during the meeting. The economic aspect is a significant part of the preparations.
The two countries have noted the growth of trade exchanges in recent years and emphasized the need to encourage more productive investment in Algeria. The Algerian market's potential and opportunities for foreign investors were discussed, as well as the advantages provided by the new investment law. The goal is to strengthen exchanges with Spain by developing more investments and partnerships that create value in Algeria.
The consultations also covered relations between Algeria, Spain, and the European Union, with an exchange of views on ways to revitalize this partnership. The two delegations shared their analyses on several regional and international issues, including the recent developments in the Middle East and their impact on international peace and security, as well as the global economy.
The discussions also touched on the Palestinian issue, the Western Sahara dossier, the situation in the Sahel and Libya, and the Euro-Mediterranean partnership. The two parties welcomed the results of the discussions and reaffirmed their commitment to pursuing joint action and intensifying coordination to open up new prospects for bilateral cooperation.
The upcoming High-Level Meeting is expected to allow Algeria to concretize several cooperation tracks and further expand its partnership with Madrid. The meeting will provide an opportunity for both countries to assess their progress and identify new areas for collaboration. KEY_POINT: Algeria and Spain to strengthen bilateral ties through high-level meeting. KEY_POINT: The meeting aims to evaluate various cooperation areas and identify new prospects for the bilateral partnership. KEY_POINT: Economic cooperation and investment are key areas of focus for the two countries.
