{"id":64639,"date":"2022-12-06T14:05:10","date_gmt":"2022-12-06T13:05:10","guid":{"rendered":"https:\/\/jazairhope.org\/?p=64639"},"modified":"2022-12-06T09:08:35","modified_gmt":"2022-12-06T08:08:35","slug":"algeria-china-sign-implementation-plan-for-belt-and-road-initiative","status":"publish","type":"post","link":"https:\/\/jazairhope.org\/en\/algeria-china-sign-implementation-plan-for-belt-and-road-initiative\/","title":{"rendered":"Algeria, China sign implementation plan for \u2018Belt and Road\u2019 initiative"},"content":{"rendered":"

On 5 December, the Algerian Ministry of Foreign Affairs announced the signing of the executive plan for the joint construction of the \u201cBelt and Road\u201d initiative and the tripartite plan for cooperation in key areas with China from 2022 to 2024, according to\u00a0Al-Mayadeen<\/em>\u00a0news.<\/p>\n

\u201cIt is within the framework of strengthening the comprehensive strategic partnership between Algeria and the People\u2019s Republic of China and deepening the historical and qualitative relations between the two friendly countries in various fields,\u201d reads the statement published by the Algerian Foreign Ministry.<\/p>\n

The relationship between China and Algeria has been on good terms since they signed a similar agreement in 2014; four years later, Algeria joined China\u2019s \u201cOne Belt, One Road\u201d project (OBOR), which seeks to revive the Silk Road and extend its influence on the African continent, according to\u00a0Al-Mayadeen.<\/em><\/p>\n

Last May, the Chinese \u201cSinopec<\/a>\u201d Petroleum and Chemical Business and the Algerian oil and gas company \u201cSonatrach\u201d signed a $490 million joint oil exploration and production agreement.<\/p>\n

Meanwhile, during a meeting between the two foreign ministers on the sidelines of the UN General Assembly last September, the Chinese Foreign Minister, Wang Yi, declared that his country \u201cwelcomes Algeria to the BRICS family,\u201d the bloc of emerging economies made up of Brazil, Russia, India, China, and South Africa.<\/p>\n

On 7 November, Algeria submitted a formal application to join BRICS, founded by Brazil, Russia, India, China, and South Africa, according to\u00a0Arab News<\/em>.<\/p>\n

In late July, Tebboune referred to the BRICS group as a significant \u201ceconomic and political power\u201d of interest to the North African state and added that his country holds the necessary criteria to be included in the organization.<\/p>\n

\u201cMembership of the BRICS group depends on economic conditions that Algeria largely fulfills,\u201d said Algerian President Tebboune.<\/p>\n

Speaking to state radio, the Algerian Foreign Ministry representative in charge of international partnerships,\u00a0Leila Zerrouki<\/a>, assured her country meets all the necessary criteria to apply for BRICS membership. However, she did not provide further details.<\/p>\n","protected":false},"excerpt":{"rendered":"

On 5 December, the Algerian Ministry of Foreign Affairs announced the signing of the executive plan for the joint construction of the…<\/p>\n","protected":false},"author":50,"featured_media":64640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[12,4,11],"tags":[],"class_list":["post-64639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured-articles","category-politics"],"yoast_head":"\nAlgeria, China sign implementation plan for \u2018Belt and Road\u2019 initiative - AAH.JZR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jazairhope.org\/en\/algeria-china-sign-implementation-plan-for-belt-and-road-initiative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Algeria, China sign implementation plan for \u2018Belt and Road\u2019 initiative - 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