Finance Minister Laaziz Fayed Fosters High Hopes for Strengthening Algeria-China Relations
BY: Hana Saada
ALGIERS – Finance Minister Laaziz Fayed spoke to the Chinese press, emphasizing the deep historical roots of Algerian-Chinese relations. The strong alliance between the two nations can be traced back to significant milestones, such as China being the first country to recognize the Algerian provisional government in 1958 and Algeria’s unwavering support for China’s United Nations membership in 1971. Now, during President Abdelmadjid Tebboune’s official visit to China, the stage is set for both countries to strengthen their ties, especially in the economic sphere.
Minister Fayed acknowledged the longstanding relationship, noting that the historical bond between Algeria and China has served as a solid foundation for further cooperation. With President Tebboune leading the delegation, consisting of over one hundred Algerian businessmen and investors, the visit is expected to inject new energy into the bilateral relationship, particularly in the economic domain.
“Algerian-Chinese relations are not only built on a shared history, but they also enjoy strong economic ties that can be considered ideal,” said Minister Fayed. “We are confident that President Tebboune’s visit to China will elevate these relations to new heights, especially in the economic sector, where both nations can mutually benefit and thrive.”
The economic collaboration between Algeria and China has been an essential pillar in their partnership, resulting in numerous fruitful projects and investments. As China continues to strengthen its position as a global economic powerhouse, Algeria’s rich resources and strategic location present lucrative opportunities for both nations to enhance their trade and investments.
President Tebboune’s presence in China signifies the importance Algeria places on nurturing this significant relationship. The delegation of Algerian businessmen and investors accompanying the president further underscores the commitment to fostering trade and exploring investment avenues for mutual prosperity.
During the visit, several high-level meetings and discussions took place to explore various areas of cooperation, including energy, infrastructure development, technology, and investment. Both nations expressed enthusiasm for collaborating on projects that align with their respective development strategies, contributing to economic growth and job creation.
“We see tremendous potential in strengthening economic cooperation with China,” Minister Fayed emphasized. “Our shared commitment to progress and development will pave the way for new partnerships, innovative ventures, and a flourishing exchange of knowledge and expertise.”
The Finance Minister’s optimism regarding the consolidation of relations and the continuation of this blessed march was echoed throughout the delegation. The shared vision for a mutually beneficial and dynamic partnership will undoubtedly open new doors for collaboration, boosting economic growth and prosperity in both countries.
As President Abdelmadjid Tebboune concludes his successful visit to China, the world witnesses a reaffirmation of the enduring friendship between Algeria and China. As historical allies, the two nations stand poised to propel their bilateral relations to unprecedented heights, ushering in an era of shared economic growth and mutual benefit for their peoples.
In conclusion, the historical and economic ties between Algeria and China lay the foundation for a promising future characterized by robust cooperation and partnership. The President’s visit marks a turning point in strengthening their alliance and reaffirming their commitment to a prosperous and fruitful relationship. As both countries look forward to embarking on a new chapter of cooperation, the global community eagerly anticipates witnessing the manifold benefits that will arise from this dynamic alliance.
