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Algerian-French Crisis Impact on Economy
The article discusses the deterioration of economic and political relations between Algeria and France due to recent political tensions, especially after Paris's recognition of Moroccan sovereignty over Western Sahara in the summer of 2024. This has led to significant losses for French companies in Algeria and the bankruptcy of around 600 firms. The memo also shows that French economic presence in the Algerian market is declining noticeably, with a strong focus on the oil and energy sectors, which still form the backbone of trade between the two countries, despite decreasing investments and imports, including France's shrinking share in wheat imports in favor of Italy. The head of the French-Algerian Chamber of Commerce affirmed that the tensions are affecting companies, but energy interests remain firm, with continued cooperation in the gas sector, despite growing mistrust towards France since 2019. In the context of this crisis, France annulled a decision to deport an influential Algerian supporter of the Algerian authorities after controversy over incendiary statements, and the impact of the tensions continues to influence the image of bilateral relations and the economy.
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