Algeria's Bouteflika names new trade, agricultural ministers

2015-07-23 15:18
Abdelaziz Bouteflika. (File: AFP)

Abdelaziz Bouteflika. (File: AFP)

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Algiers - Algeria's president Abdelaziz Bouteflika on Thursday appointed new trade and agriculture ministers, the second cabinet reshuffle this year, the presidency said, as the OPEC member tries to counter a fall in energy earnings.

Algeria has approved a plan to boost agriculture and reduce food purchases from abroad while restricting goods imports.

Those measures followed a sharp fall in global market crude prices. Algeria relies on energy for 60% of state budget, and oil and gas exports account for 95% of its total sales abroad.

It expects energy revenues to decline by 50% to $34bn this year, with imports seen at $57.3bn.

The trade ministry has said it was preparing restrictions on import licenses but gave no details.

Bakhti Belaib was named trade minister in the new reshuffle, which also included Sid Ali Ferroukhi becoming agriculture minister and El Hadi Ouali being appointed as youth minister, said a statement carried by the APS news agency.

In May, Bouteflika named new energy and finance ministers, part of a major cabinet changes.

Read more on:    abdelaziz bouteflika  |  algeria  |  north africa

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