{"id":28142,"date":"2018-05-18T14:28:11","date_gmt":"2018-05-18T14:28:11","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2018\/05\/18\/why-do-the-european-union-and-algeria-have-economic-common-interests\/"},"modified":"2020-08-11T11:33:02","modified_gmt":"2020-08-11T09:33:02","slug":"why-do-the-european-union-and-algeria-have-economic-common-interests","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2018\/05\/18\/why-do-the-european-union-and-algeria-have-economic-common-interests\/","title":{"rendered":"Why do the European Union and Algeria have economic common interests"},"content":"\u00a0\nAbdelkader Messahel, Algerian Ministry of Foreign Affairs along with\u00a0Federica Mogherini,\u00a0High Representative of the European Union for Foreign Affairs and Security Policy.\nLast Monday, the Association Council between the EU and Algeria held a new session in Brussels during which they reasserted their wishes to strengthen their partnership through \u201cfrank and open\u201d dialogue.\nSeveral issues were addressed during this session and particularly the economy based on energy or on the European importations.\nTherefore, they adopted a new financial cooperation programme for next two years (2018-2020) named \u201cunique support framework\u201d. It\u00a0defines what are the priorities of the bilateral technical and financial cooperation held under the European Neighborhood Instrument (ENI).\n\nMoreover, a new agreement on the funding of the Agriculture Support Programme has been signed. The purpose of this text is to help Algeria diversify its economy which is too dependent on the oil\u00a0sector.\nIndeed, since 2014, oil prices are falling on the global marketplace because of the OPEP\u2019s wishes to maintain low-prices to control the increasing competitiveness on American oil. This situation has badly impacted the Algerian economy and EU reiterated its support to help the country\u2019s economic diversification in order to create a favourable environment for\u00a0business and entrepreneurship.\nDiscover out our latest videos about the economic news in Algeria :\n&#8221; \/&gt;\n&#8221; \/&gt;\n\u00a0\n","author":81,"featured_media":5212,"comment_status":"open","ping_status":"open","template":"","tags":[5761,5751,2961,5760,5750,5759,5762],"location":[5547],"class_list":["post-28142","news","type-news","status-publish","has-post-thumbnail","hentry","tag-decision-makers","tag-economy","tag-institutions","tag-mediterranean-exchanges","tag-news","tag-politics","tag-trending","location-algeria"],"short_url":"","have_related_news":null,"chapo":"Algerian Foreign Minister Abdelkader Messahel and High Representative of the European Union for Foreign Affairs and Security Policy, Federica Mogherini, underlined the necessity to build a comprehensive partnership.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/AlgFM-et-FedMOG-1.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/AlgFM-et-FedMOG-1.jpg 550w","sizes":"550px","alt":"Why do the European Union and Algeria have economic common interests 1","width":550,"height":360,"ratio":0.67,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/AlgFM-et-FedMOG-1-987x658.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/AlgFM-et-FedMOG-1-987x658.jpg 1170w","sizes":"1170px","alt":"Why do the European Union and Algeria have economic common interests 1","width":1170,"height":658,"ratio":0.67,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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