Algeria uses COP27 to sign new trade deal with China
Despite numerous attempts by western leaders in recent weeks to ‘bring Algeria in from the cold’ and make the country aligned to the West, it seems this North African Russian satellite is going full steam in the opposite direction.
Hot on the heals of news that Algeria had signed a mega arms deal with Putin, mainly SU fighter jets and submarines, Algeria took advantage of the COP 27 climate change conference in Egypt to sign a new trade deal with China.
The Algerian government conformed on 8th November that it had signed a second 5-year strategic cooperation pact with China which would enhance Algeria’s trade with China. Algiers, since 2013, has made China its biggest trading partner.
According to a Turkish newswire, a Foreign Ministry statement said the plan aims to strengthen bilateral cooperation in different fields, including economy, industry, energy, space and culture.
The statement said the pact was signed by Algerian Foreign Minister Ramtane Lamamra and his Chinese counterpart Wang Yi.
According to Anadolu news, there were no specifics about where the deal was signed or what it entailed in great detail but Algerian sources said that it was inked during the two ministers’ participation in the UN climate summit COP27 in Egypt’s holiday destination city of Sharm el-Sheikh.
