Ample room to boost Vietnamese coffee presence in Algeria

VOV.VN - There remains plenty of room to boost Vietnamese coffee exports to Algeria, as coffee is the leading export item to this market, according to the Vietnam Trade Office in Algeria.

Algeria is a country that is unable to grow its own coffee, meaning it has to import the product to fully meet domestic demand. Every year sees the North African country import approximately 130,000 tonnes of coffee beans of all kinds with a value of US$300 million.

Apart from green coffee, Vietnamese enterprises can promote the export of processed and instant coffee with a higher added value.

Despite these prospects, Vietnamese coffee faces numerous hurdles as the country has not signed a trade agreement with Algeria, though coffee is consistently a leading Vietnamese export item to this market, according to experts.

Most notably, Vietnamese coffee makes up the highest market share in Algeria at over 50%.

Experts point out that as Algeria is not a member of the World Trade Organization (WTO), the import tax remains high, causing a hindrance to Vietnamese businesses,

In the long run, following the implementation of the African Continental Free Trade Agreement, Vietnamese coffee is expected to encounter greater difficulties when competing with similar products from Algeria’s regional peers, such as the Ivory Coast , Uganda, Ethiopia, Tanzania, and Madagascar, all of which enjoy tax incentives.

Last year witnessed Vietnamese coffee exports to Algeria surge by 6.3% to reach US$99.68 million, making up 65% of the country’s total export value, according to the Vietnam Trade Office in Algeria.

Related

Seminar spotlights Vietnam’s economy, foreign trade in Algeria
Seminar spotlights Vietnam’s economy, foreign trade in Algeria

The Vietnamese Embassy in Algeria and the local Centre for Research in Applied Economics in Development (CREAD) have organised a seminar on Vietnam’s economy and foreign trade in both online and face-to-face forms.

Seminar spotlights Vietnam’s economy, foreign trade in Algeria

Seminar spotlights Vietnam’s economy, foreign trade in Algeria

The Vietnamese Embassy in Algeria and the local Centre for Research in Applied Economics in Development (CREAD) have organised a seminar on Vietnam’s economy and foreign trade in both online and face-to-face forms.

Vietnam, Algeria share start-up experience
Vietnam, Algeria share start-up experience

VOV.VN - The Vietnamese Trade Counselor in Algeria has shared start-up experience and highlighted co-operation and investment opportunities at an international seminar on the topic of the Algerian economy with a vision aimed towards the year 2030.

Vietnam, Algeria share start-up experience

Vietnam, Algeria share start-up experience

VOV.VN - The Vietnamese Trade Counselor in Algeria has shared start-up experience and highlighted co-operation and investment opportunities at an international seminar on the topic of the Algerian economy with a vision aimed towards the year 2030.