The Minister of Foreign Affairs has indicated that “the implications of this measure” are being analysed. Algeria is not a member of the World Trade Organization (WTO), so it is not possible to take the matter to this arbitration.
Euskaraz irakurri: Aljeriaren erabakiaren ondorioak aztertuko ditu Espainiak, EBren aurrean salatzerik duen ikusteko
The Spanish government analyzes the implications of Algeria’s decision to freeze foreign trade activities to and from Spain to see if he can sue the Maghreb country for the EU for breach of the agreement between the Twenty-seven and Algiers.
The Minister of Foreign Affairs, European Union and Cooperation, José Manuel Albares, indicated on Thursday that he is “analysing exactly the implications of this measure, its practical scope, both at national and European level”, referring to the agreement between the EU and Algeria.
Once this analysis has been completed, the Minister has made progress, the Government will be able to: “give the correct answer” A response, the foreign minister said, which “will be calm and constructive, but also steadfast in defending the interests of Spain and Spanish companies”.
Depending on the outcome, one of the options available to the government would be to give up Algeria to the EU for: violate the cooperation agreement which came into effect in 2005, although government sources consulted by Europa Press emphasize that “no events are to be expected”.
Basis for reporting
The basis on which Spain could rely a priori to denounce Algeria can be found in Chapter 1 of Title IV on “current payments and capital circulation”. Article 38 provides that “the parties undertake to allow all current payments in respect of current transactions in freely convertible currencies.”
On the other hand, in the event of disagreements between the parties on the application and interpretation of the agreement, the EU and Algeria may refer to the Association Council referred to in the text, which may attempt to resolve the dispute “by decision”. , with which the parties must comply, as indicated in Article 100. The Association Council shall be composed of representatives of the European Council and the European Commission, on the one hand, and of Algeria, on the other.
If no decision can be reached, either party may notify the appointment of an arbitrator to the other, who shall in turn appoint its own arbitrator within two months, while the Association Council shall appoint a third party. Of the three, they would have to make a decision by majority, which the parties would have to adhere to.
The European Union already made use of the framework provided by the Association Agreement in 2020 to try to resolve a dispute with Algeria that dates back to 2015, the year in which this country imposed restrictions on European imports worth EUR 1.5 billion.
Traditionally, the European Union goes to the World Trade Organization (WTO) when there are frictions with third countries, but in this case it is not a possible scenario because Algeria is not a member of this multilateral arbitration body
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
