Algerian Radio
The Minister of Internal Trade and National Market Regulation, Mrs. Amel Abdellatif, presented today, Monday, a briefing before the members of the Council of the Nation regarding the draft law on the conditions for exercising commercial activities, which aims to establish transparency in commercial activity and protect the national economy.
In a public session chaired by the President of the Council, Mr. Azouz Nasri, and in the presence of the Minister of Relations with Parliament, Mrs. Nadjiba Djilali, Mrs. Abdellatif explained that the draft law embodies an integrated reformist vision pursued by the State under the directives of the President of the Republic of Algeria, Mr. Abdelmadjid Tebboune. These directives aim to establish the foundations of a modern, diversified national economy capable of keeping pace with rapid transformations and meeting citizens' aspirations within a framework of transparency, efficiency, and competitiveness.
The Minister added that this review is part of an integrated national process embodying a firm will to establish the principles of transparency and efficiency. It aims to enhance the national economy's capacity for smooth and effective integration into the international economic and financial environment, as the text includes measures enabling the transition from traditional oversight to risk-based oversight.
She pointed out that the draft law, which was approved by the members of the People's National Assembly last week, seeks to strengthen alignment with international standards related to combating money laundering and the financing of terrorism. It aims to consolidate the trust of partners and financial institutions, enhance the attractiveness of the investment climate, and protect the national economy from systemic risks associated with financial crimes.
