Wednesday, July 6

Spanish companies are still unable to operate with Algeria while Brussels tries to clarify the situation


Trade with Algeria remains blocked. Spanish companies have confirmed this Monday that they are still unable to carry out banking operations, despite the fact that Algeria announced this weekend that it does not freeze commercial relations with Spain and guarantees the supply of gas. The European Commission (EC) has assured Monday that it continues the “efforts” and the “contacts” necessary to continue “evaluating” the situation with Algeria.

The commercial rupture of Algeria endangers 7,000 million a year, 0.6% of GDP, mainly in gas

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For its part, the central government maintains contact with the companies that have commercial exchanges with Algeria to verify if there is normality in the transactions, and warns this country that, if the obstacles remain, the European Union has mechanisms to deal with this type of situation, as sources from the Ministry of Industry, Commerce and Tourism have indicated to the EFE Agency.

The commercial office of Spain in Algeria is in contact with the companies that have commercial exchanges with this country and its objective is “to verify if there is no normality in the transactions after the statement from the Algerian representative in the EU”.

On Saturday and Sunday there were no operations and on this Monday the ones that can be done are being verified, although “a little time has passed.” The commercial rupture of Algeria endangers commercial exchanges worth 7,000 million euros per year, 0.6% of GDP, although 91% of Spain’s imports from Algeria in 2021 were gas and other fuels, almost 4,400 million euros in total, according to data from the Ministry of Industry, Commerce and Tourism.

The EU continues to assess the situation

“We continue our efforts and our contacts to assess the situation. We continue to favor dialogue to resolve differences”, Foreign Affairs spokeswoman Nabila Massrali said during the Commission’s daily press conference.

The spokeswoman recalled that the high representative of the European Union (EU) for Foreign Affairs, Josep Borrell, “is willing to lend his support if necessary”. Last Friday, the EC issued a statement in which it threatened Algeria with reprisals if it does not diplomatically redirect the commercial relationship with Spain.

The announcement was made after a meeting at the Commission’s headquarters between the Spanish Foreign Minister, José Manuel Albares, and the Executive Vice President of the EC and head of Trade, Valdis Dombrovskis. “The EU is prepared to deal with any type of coercive measure applied against an EU Member State”, assured the note, signed by Borrell and Dombrovskis, who nevertheless made it clear that the EU “continues to favor first the dialogue to solve controversies”.

Massrali pointed out on Monday that Friday’s statement was made “on the basis of the first information available to us.” For its part, the Algerian mission to the EU in Brussels called the community statement “hasty” in a statement, considering that the EC had not carried out the relevant prior consultations and verification with the Algerian government. This Monday Spanish companies were still unable to do banking with Algeria.



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