The Algerian Council for Economic Renewal (CREA) and the American Chamber of Commerce (AmCham) have agreed to draw up a joint annual action plan aimed at strengthening economic cooperation between Algerian and American companies, starting with the organization of a business forum in the United States.
This agreement was reached during a meeting between an Algerian business delegation led by CREA President Kamel Moula and an American delegation headed by the president of the U.S.–Africa Business Council, Kendra Gaither, as part of Algeria’s participation in the SelectUSA Investment Summit, according to a statement from the Algerian Council.
During the discussions, the two sides reviewed prospects for deepening partnership between companies from both countries and explored ways of opening new cooperation channels, while stressing the importance of coordination between the two organizations as a support mechanism for joint projects and a lever for boosting cross‑border investment.
The talks also touched on the evolution of Algeria’s economic climate and the improvements registered in the business environment. The Algerian delegation gave clarifications on investment opportunities and the incentive measures adopted for this purpose, according to CREA, which underscored the importance of the partnership with this American body.
The American Chamber of Commerce is considered a strategic partner, given its role in representing the U.S. business and industrial sectors, making it a key player in bolstering bilateral economic ties.
Separately, the Algerian delegation was received at the headquarters of the U.S. Department of Commerce in Washington by a senior department official, in the presence of Algerian Ambassador Sabri Boukadoum. The meeting provided an opportunity to review the economic transformations underway in Algeria, as well as the objectives of Algeria’s participation in the SelectUSA Investment Summit, and to examine support mechanisms for Algerian businesses in logistics and supply‑chain fields, according to the employers’ organization, which noted that these meetings took place with the participation of the Chargé d’Affaires of the U.S. Embassy in Algeria, Mark Shapiro.
The Algerian delegation, composed of some thirty companies, took part in the U.S. investment summit held from 3 to 6 May in Maryland, with a series of business meetings and dialogues with American companies and executives.
The Algerian side also used the occasion to present the investment opportunities offered by Algeria in several sectors, including at a meeting with the U.S. Deputy Secretary of State, Christopher Landau, who welcomed the Algerian delegation’s participation at such a high level. Algeria’s participation in the summit fits into its broader strategy of promoting a more attractive business environment, showcasing investment opportunities in the country, and strengthening its economic presence at this major international forum.