Algeria resumes trade with Spain

Algeria resumes trade with Spain  Algeria has unblocked trade with Spain, after fifty days of suspension.  The Professional Association of Banks and Financial Institutions announced in Algiers the lifting of restrictions on banking transactions for the purchase and sale of products and services to and from Spain.  In a context of strong diplomatic tension, Algeria suspended on June 9 the Treaty of Friendship, Good Neighborliness and Cooperation, signed between the two countries.  The measure led to an almost total blockage of trade, with the exception of gas exports from Algeria.  At the origin of the crisis between the two States, the support given by Spain, to the project of autonomy of Western Sahara wanted by Morocco .  Algeria, which supports the separatists of the Polisario Front, then rebelled against the reversal of Madrid, which had historically opted for neutrality.

Algeria has unblocked trade with Spain, after fifty days of suspension.

The Professional Association of Banks and Financial Institutions announced in Algiers the lifting of restrictions on banking transactions for the purchase and sale of products and services to and from Spain.

In a context of strong diplomatic tension, Algeria suspended on June 9 the Treaty of Friendship, Good Neighborliness and Cooperation, signed between the two countries.

The measure led to an almost total blockage of trade, with the exception of gas exports from Algeria.

At the origin of the crisis between the two States, the support given by Spain, to the project of autonomy of Western Sahara wanted by Morocco .

Algeria, which supports the separatists of the Polisario Front, then rebelled against the reversal of Madrid, which had historically opted for neutrality.
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