Algerian President Abdelmadjid Tebboune and Mauritanian President Mohamed Ould Cheikh Ghazouani have jointly inaugurated a free trade zone between the two countries. It includes construction of an 840km road connecting the towns of Tindouf, Algeria and Zouerate, Mauritania.
It is expected to offer tax incentives to investors and in a joint statement by both President’s hailed the trade agreement as a catalyst for strengthened bilateral cooperation, seeing it as a “meeting place and an exchange bridge” between the two nations.
In addition to Mauritania, Algeria has also outlined plans to establish free trade zones with neighboring states including Tunisia, Libya and Niger, which are slated for implementation in 2024.
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