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Imported vehicles: “Reasonable” prices that would obey law of supply, demand

October 20, 2022

ALGIERS- The Minister of Industry, Ahmed Zaghdar declared, Tuesday in Algiers, that the prices of vehicles imported into Algeria would be “reasonable” and obey the law of supply and demand.

“The prices of imported vehicles will obey the law of supply and demand,” the minister told the press at the food fair organized on the sidelines of the celebration of World Health Day.

Concerning the file of the production of essential and aromatic oils, the first person in charge of the sector indicated that a governmental measure will soon be implemented to regularize the situation and adopt the related laws.

With regard to the distribution and packaging of food products, the Minister stressed the need to strengthen the points of sale for the Dicopa subsidiary of the Agrodiv group, particularly in the south.

After a ban for several years, the Algerian government decided to allow the import of cars starting from January 2023.

President of the Republic Abdelmadjid Tebboune, at an extraordinary Council of Ministers meeting on Finance bill 2023, gave orders to allow citizens to import vehicles less than three years old and foreign car manufacturers to import vehicles and sell them in Algeria.

In the details, Pt. Tebboune said: “It is necessary to open the way for citizens to import vehicles less than three years, with their financial capabilities and their own needs, and not for commercial purposes.” In addition to “allowing foreign manufacturers to import cars to sell them in Algeria in parallel with the intensive and field follow-up to the process of establishing a real car industry, in Algeria as soon as possible,” and to present “the specifications for car dealerships, at the next cabinet meeting, for settlement, before the end of the year.”