In written question to government of Pedro Sanchez: A Catalan MP reveals huge losses of Spanish companies!
BY: Hana Saada
ALGIERS- In a written inquiry to the government of Pedro Sanchez, a Catalan MP has brought to light the staggering losses incurred by Spanish companies. The losses, which exceed 2 billion euros, were a result of business dealings with Algeria. The situation is further compounded by the fact that the Algerian market, which holds great promise for Spanish companies, has been lost due to the betrayal of the Saharawi cause by the Spanish government.
This revelation is supported by an exclusive document obtained by the La Patrie News website, which outlines a written question posed to the Spanish government by the parliamentary group Junts per Catalunya. The question, which demands a written response from the Moncloa, seat of the Madrid government, leaves little room for ambiguity. Plier Chauz Gomez, deputy of the Junks Per Catalunya, has not minced words in his inquiry.
The document highlights the suspension of the treaty of friendship and good neighborliness by Algeria on June 8, followed by the freezing of accounts intended for banking transactions. Despite an intervention by the European Commission, Algeria declared that the rupture of the bilateral agreement with Spain would not affect those it maintains with the EU. As a result, Italy has emerged as Algeria’s new privileged partner in the extension of gas export agreements to the EU.
The inquiry is laced with a touch of resentment and jealousy, and for good reason. Nearly a year after the suspension, Spain has lost 95% of its exports to Algeria. The situation is dire, and the consequences for Spanish companies are grave. It remains to be seen how the Spanish government will respond to this inquiry, but one thing is certain – the losses incurred by Spanish companies are staggering, and the future prospects for the Algerian market are bleak.
The situation is dire. Entrepreneurs are facing losses of nearly 2 billion euros, with concerns arising over pre-ordered stocks that were never delivered. The issue is compounded by the fact that Spain will miss out on lucrative contracts in the near future. Some business owners have been forced to relocate their production tools, resulting in additional expenses and the diversion of future profits to other EU member countries such as Italy, France, and Portugal. The legal sanctions imposed by Algeria on Spain serve as a severe warning to other EU member states that may be susceptible to the blackmail and corruption of the Moroccan Makhzen.
Industry, Commerce, and Tourism Minister Hector Gomez has assured the Senate that he is working to resolve the problem. However, the only viable solution is for Spain to fully assume its legal and historical responsibility as the administering power of Western Sahara, thereby relaunching the UN process of decolonization of the region. The Spanish Parliament must also consider various forms of direct and indirect aid to Spanish companies on the brink of ruin due to the ill-considered decision of Pedro Sanchez, who fell victim to heinous blackmail by the people of Makhzen, as previously reported.
The flourishing and promising trade in the Algerian economy has become a matter of survival for many companies and European states, particularly in light of the armed conflict in Ukraine. It is imperative that Spain return to international legality and take responsibility for its role in Western Sahara to avoid further economic devastation.
