In the trade field, the entry into force of a free trade agreement in 2006 has been a source of progress… and the subject of some friction. Trade increased from $435 million in 2004 to $2.7 billion in 2018. More than 150 Turkish companies and 8,000 Moroccans are based in the kingdom, whose skies are crossed by Turkish Airlines. The Association Agreement between the EU and Algeria was signed in April 2002 and came into force in September 2005. This agreement establishes a framework for EU-Algeria relations in all areas, including trade. Algeria is the largest country in Africa, with an area of 2,381,741 km2 and has a considerable amount of natural gas and oil resources, making it the fourth largest economy in the region. In addition, Algeria is one of Turkey`s main trading partners in the region and is critical in diversifying our energy sources. In this regard, Algeria is Turkey`s fourth largest natural gas supplier, after Russia, Iran and Azerbaijan. Algeria also offers attractive investment opportunities for Turkish companies active in the food sector. He met his Algerian counterpart Abdelmadjid Tebboune in the Algerian capital to discuss possible cooperation in the fields of economy, trade, defence and tourism. Turkey first voted against it (1955), then abstained (1958) in the vote on Algeria`s independence at the United Nations.

The main reason for this was Turkey`s objective of getting closer to France and the preference for Algeria`s independence would have a negative impact on relations between France and Turkey. However, this decision by Turkish officials was later criticized as a short-term trend [4] and biltral relations were tainted. The first step towards the recovery of the situation was taken by the Turkish Prime Minister at the time, Turgut Ozal. In 1985, he went to Algeria and expressly apologized for the unfavorable vote in Turkey. The following year, Algerian Prime Minister Abdelhamid Brahimi paid a visit (the first official visit to Algeria to Turkey) and signed an oil trade agreement with Turkey. In 1999, Turkish President S-leyman Demirel declared that the negative connotations of Turkish abstention had been completely erased in 1958. [5] Algerian President Abdelaziz Bouteflika visited Turkey in 2005. Reciprocal visits were a turning point in strengthening bilateral relations and rekindling friendship between countries. [6] Turkey has bilateral and multilateral agreements: in today`s world, countries tend to enter into bilateral and regional free trade agreements because the World Trade Organization (WTO) has achieved a high level of liberalization, with insufficient WTO rules under current conditions and an inefficient multilateral trading system to allow for better market access.

As a result of this trend, some 400 free trade agreements are being notified to the WTO. The Eurasian Economic Union, composed of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, has concluded free trade agreements, see below. Note: Any customs union, every common market, any economic union, the Customs and Monetary Union and the Economic and Monetary Union are also a free trade area.



Go up