Algerian president allows imports of cars less than 3 years old
The size of the import market of cars under three years old is estimated to be worth approximately 700 million dollars according to the Algerian press. The Algerian authorities, however, have blocked the importation of these types of cars. Now the Algerian President has reversed this regulation in a landmark decision.
The decision follows serious discussion of Algeria’s free trade policy and its finance regulation. The country is trying to come more into line with the world economy. The move is welcomed by consumers, but some fear it will affect their livelihoods.