LOC22:55
19:55 GMT
(with KUWAIT-ALGERIA-CHAMBER)
By Abdallah Al-Harbi
KUWAIT, Oct 23 (KUNA) -- Commerce and Industry Minister Falah Al-Hajri said
Tuesday Kuwait has been trying hard to increase its bilateral trade and
investments with Algeria in a way reflecting the good relations between the
two countries.
The minister, who was speaking to the Kuwait news Agency (KUNA) after
meeting with a visiting Algerian trade delegation, said both the Algerian
private and public sectors were invited to check the incentives offered for
foreign investment in Kuwait.
He added that one of the best incentives was exemption from taxes during
the first ten years of foreign investment.
He stressed that both sides discussed, during the meeting, the "obstacles
facing the development of trade relations and free trade exchange between the
two sides."
He said he was optimistic for a "bright future for bilateral relations
between the two countries."
For his part, the head of the visiting Algerian delegation Ibrahim Bin
Jaber, underlined the "importance of proper exchange of information with
Kuwait."
Bin Jaber, who is also the head of the Algerian Chamber of Commerce,
expressed hope of "removing obstacles facing the trade exchange between the
two countries." (end)
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KUNA 232255 Oct 07NNNN