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| Africa North |
| Algeria is ready to boost competition in spite of bureaucracy |
| 2011-01-29 |
| [Ennahar] The Algerian Minister of Commerce Mustafa Benbada said Thursday his country is ready to promote competition, as requested by the IMF, while noting the bureaucratic obstacles. The Competition Council, established in 2003 but frozen since, should enter into force soon," he said on the sidelines of a plenary session of the National People's Assembly (Chamber of Deputies). "There are problems with the administrative machinery" for implementing legislation, but if it does not advance, it is the government that will unlock the file, added the minister quoted by the agency APS. Frozen since its inception in 2003, this Council was revived in 2008 but is still not in place. The Head of Mission of International Monetary Fund (IMF) in Algeria, Joel Toujas-Bernaté, said Wednesday that the lack of competition in food distribution may have contributed to soaring prices in January. |
| Posted by:Fred |