The revision of the association agreement with the European Union is based on the win-win principle

The President of the Republic, Mr. Abdelmadjid Tebboune, affirmed, during the meeting of the Council of Ministers that he chaired on Sunday, that the revision of the association agreement between Algeria and the European Union (EU), comes to "support the good relations" between the two parties and is based on the win-win principle.

The President of the Republic specified that the revision of this agreement "is not the result of a conflict, but aims to support the good relations between Algeria and the European Union as an economic partner on the basis of the win-win principle", according to the press release of the Council of Ministers.

Regarding the presentation on the association agreement between Algeria and the European Union, the President of the Republic affirmed that the revision of this agreement "is necessary in light of the current economic reality, knowing that since its entry into force in 2005, Algeria's exports were mainly based on hydrocarbons, while today, our non-hydrocarbon exports have diversified and extended to other areas, including agricultural production, minerals, cement and food and other products."