M a r k e t N e w s

Calls to Strengthen Investments and Trading Between African & Arab Countries

Posted on : Saturday, 20th December 2014

 Minister of Fishing and Fishery Resources Sid Ahmed Ferroukhi called Monday in Algiers to strengthen the inter-Arab cooperation in the field of fishing and aquaculture as well as to develop trading and investments.

Speaking on the occasion of the 5th Arab Congress on Investment and Exploitation of Fishery Resources and Food Security, the minister urged the Arab countries to concentrate their development policies on the rational exploitation of fishery resources and improvement of the fishers' living conditions.

Ferroukhi affirmed that Algeria opens its doors for an inter-Arab partner as part of the five year programme (2015-2019) which provides particularly for the renovation and modernization of 2,500 fishing boats, the execution of 350 projects in aquaculture in addition to the launch of more than 1,000 projects in the manufacturing of equipment.


The programme for the next five years, underlined the minister, will focus on the promotion of all the fishery and aquaculture industries as well as the improvement of the local market by diversifying its supply sources notably the local production.

The minister called for the creation of an Arab network bringing together the research and development centres in order to encourage the exchange of experiences and enhance the results of the research, as well as for the establishment of an Arab framework to coordinate between these countries so that to implement the recommendations of the different meetings organized at the regional level.

Source : allafrica.com
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