Today’s challenges and crises require “coordinated efforts by the international community in search of effective and lasting solutions,” said President Tebboune in his address to a high-level audience at the meeting, which he co-chaired with his Russian counterpart Vladimir Putin.
At the same time, he praised Russia’s contribution to supplying and exporting cereals to several countries around the world, as well as the stability of international energy prices.
“From this rostrum, I urge all of us to combine our efforts, and to work together within the framework of a participatory and mutually supportive approach that takes into account the interests and concerns of all parties, particularly poor countries that are prey to disruption and war”, he continued.
President Tebboune also asserted that “there are no winners in war: all wars are lost”, wishing “prosperity and well-being to all mankind, especially to poor peoples.”
Addressing his Russian counterpart, the Head of State said: “I believe that the Russian President, Vladimir Putin, is speaking in moderation. I can deduce from what he said today that he is a friend of the world, just like Algeria, except towards those who are hostile to us.”
President Tebboune also hoped that peace and cultural and economic complementarity would prevail in all countries of the world.
Commenting on economic cooperation between Algeria and Russia, President Tebboune said that “it is not limited to trade, but covers several areas”, highlighting “regular consultations and exchanges of views within the Gas Exporting Countries Forum (GECF) and OPEC+ to ensure the stability of the global energy market.”
The President of the Republic also said that his talks on Thursday in Moscow with President Vladimir Putin, as part of his state visit, had enabled him to “reiterate our shared determination to promote our strategic relations to the expected levels.”
Praising the development plan outlined by President Putin at the meeting, “which is commensurate with the greatness of the Russian Federation”, Tebboune thanked his Russian counterpart for inviting him to the forum. No country “can face, alone, the increasingly serious crises of today’s world”, he said.
In regard, the President of the Republic called for the politicization of economic decision-making to be banished and for economic efficiency to be given absolute priority.
In response to a question on the existence of a project for a unified Arab currency, President Tebboune expressed the hope that decisions would be taken for this purpose.
Algeria determined to join BRICS
The President of the Republic reaffirmed Algeria’s determination to join the BRICS, “as soon as possible”, in order to “free its economy from certain pressures”, stressing that “Algerians, born free, will remain sovereign in their decisions and positions.”
He also called on investors from Russia and all over the world to seize the opportunities and advantages offered by Algeria in terms of investment, as part of a win-win approach, highlighting the provisions of the new investment law that “grants all privileges and special protection to investors.”
President Tebboune also referred to the decision to keep the investment law unchanged for at least 10 years, which “will give sufficient guarantees to all investors, including our Russian friends.”
Recalling that Algeria was one of the few African countries, if not the only one, to have no foreign debt, he highlighted the 4.3% growth rate recorded by the country. This rate is set to rise further from this year onwards, he said, thanks to the entry into force of the new investment law.
The President of the Republic also referred to the country’s energy policy, which aims to strengthen hydrocarbon processing while reducing the volume of crude oil exports.
Source: Algeria Press Service