(Source Arab News) – After a short pause due to the pandemic, the Program to Support Industrial Diversification and the Improvement of the Business Climate, signed in 2016 between the EU and Algeria, was relaunched on Oct. 25.
The main objectives of Padica program are to ensure inclusive socio-economic development, trade, access to the European market and sustainable development.
PADICA has a financing budget of more than €18.7 million ($21 million), with €2 million dedicated to the implementation of the program. It consists of the EU deploying technical assistance for improving the business climate in Algeria, under the guidance of the National Economic and Social Center, and industrial diversification.
Asked by Arab News en Francais on the objectives of this program, the EU delegation in Algeria said that “this program aims to improve the overall business environment, to create the conditions for an increase in the non-hydrocarbon industrial sector in the economy”.
The mission of this program is to provide technical assistance to the nine priority industrial sectors: agri-food, mechanics and automotive, mining, phosphate and steel, electronics and home appliances, chemicals and derivatives, petrochemicals and plastics, pharmaceuticals, textiles and corks.
The Eu delegation added that “PADICA’s main objective is to improve the competitiveness of companies in these prioritized sectors and their integration into value chains, especially in foreign markets”.
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