10.4 C
Brussels
Thursday, March 28, 2024
EuropeEU is utmost concern by the decision of Algeria to suspend the...

EU is utmost concern by the decision of Algeria to suspend the Treaty of friendship signed with Spain in 2002

DISCLAIMER: Information and opinions reproduced in the articles are the ones of those stating them and it is their own responsibility. Publication in The European Times does not automatically means endorsement of the view, but the right to express it.

DISCLAIMER TRANSLATIONS: All articles in this site are published in English. The translated versions are done through an automated process known as neural translations. If in doubt, always refer to the original article. Thank you for understanding.

European Commission
European Commission
The European Commission (EC) is the executive branch of the European Union, responsible for proposing legislation, enforcing EU laws and directing the union's administrative operations. Commissioners swear an oath at the European Court of Justice in Luxembourg City, pledging to respect the treaties and to be completely independent in carrying out their duties during their mandate. (Wikipedia)

Algeria: Statement by the High Representative/Vice-President, Josep Borrell, and Executive Vice President, Valdis Dombrovskis, on Algeria’s latest measures regarding Spain

The decision taken by Algeria to suspend the Treaty of friendship and good neighbourly relations signed with Spain in 2002 is of utmost concern. We are assessing the implications of the Algerian actions, including the instruction given to the financial institutions to stop transactions between the two countries, which upfront appear to be in violation of the EU-Algeria Association Agreement, in particular in the area of trade and investment. This would lead to a discriminatory treatment of an EU Member State and adversely affect the exercise of the Union’s rights under the Agreement.

We are in close contact with the Spanish Government and reaching out to the Algerian authorities to rapidly clarify the situation.

Bilateral relations of third countries with individual EU Member States are part of their relations with the EU. Unity and solidarity within the EU remain key to uphold our interests and values in our relations with all countries. Moreover, trade policy is an exclusive EU competence, and the EU is ready to stand up against any type of coercive measures applied against an EU Member State. However, the EU continues to favour dialogue first to solve controversies. 

Algeria is an important partner for the EU in the Mediterranean and a key actor for regional stability. We trust that, in the name of our strong and long-term partnership, a swift solution will be found to fully re-establish commercial and investment relations.

We are ready and keen to support these efforts.

- Advertisement -

More from the author

- EXCLUSIVE CONTENT -spot_img
- Advertisement -
- Advertisement -
- Advertisement -spot_img
- Advertisement -

Must read

Latest articles

- Advertisement -