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Article: ALGERIA'S MARKET ECONOMY STATUS IN DOUBT.
- Article from:
- Market Africa Mid-East
- Article date:
- June 1, 2005
CopyrightCOPYRIGHT 2005 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The chart and photo above give an instant reading of Algeria's status as a consumer market. The country is heavily dependent on the export of hydrocarbons, and the recent rate of growth of its GDP shows a variability that in large part can be attributed to changes in oil prices on the world market.
In early March, The International Trade Reporter (Washington) published a story with a Geneva dateline that told of progress in Algeria's talks with the World Trade Organization (WTO) on Algeria's application for membership.
The story said that WTO members were pleased enough with representations by the Algerian delegation to move ahead with initiating what ...