A Memorandum of Understanding between the Malta Chamber of Commerce, Enterprise and Industry and the Algerian Chamber of Commerce and Industry was signed at a Business Forum organized by Trade Malta. Some 45 Algerian entrepreneurs together with more than 100 representatives of Maltese companies were in attendance. Minister for the Economy, Investment and Small Business Chris Cardona, who presided over the MOU signing, hailed the event as, "a clear sign that the efforts of the Maltese Government and the Private Sector, through a public private partnership like Trade Malta, are paying off."

This visit was organised in account of a series of visits and initiatives which Trade Malta have taken in order to promote business exchanges between Malta and Algeria. Trade Malta, a PPP between the Government and the Malta Chamber of Commerce, is aimed at supporting Malta-based companies to internationalise their products and services through various support measures.

"It is through such events, and similar activities organised by Trade Malta over these past twelve months, that Malta-based companies are given serious opportunities to network and do business with their counterparts from emerging markets," said Minister Cardona.

The Minister for the Economy, Investment and Small Business has been working closely with Trade Malta over the past year – attending a number of trade missions in Algeria, Albania, Lebanon and Jordan. This is the third meeting between Maltese and Algerian entrepreneurs in a span of six months, after visits by the Maltese Prime Minister Dr Joseph Muscat last November, and the President Marie-Louise Coleiro Preca in January.

Trade Malta President Mr David G. Curmi noted how the PPP is adopting a strategy of following-up and co-coordinating events with a particular well-chosen territory, a strategy which has proven successful with some Maltese companies now or soon to be doing business in Algeria.


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