“The EU is ready to face any coercive measure against any EU member state,” top EU diplomat Josep Borrell and European Commission Vice-President Valdis Dombrovskis said in a joint statement.
Euskaraz irakurri: EB-Aljeria akordioa “urratzea” leporatu diote Bruselak eta Espainiak Aljerri, merkataritza eteteagatik
Algeria’s decision two days ago stop trading with Spain following a diplomatic dispute over Western Sahara, this could be a violation of European Union trade law, two senior bloc officials said Friday.
“The EU is ready to face any coercive measure against any EU member state,” top EU diplomat Josep Borrell and European Commission Vice-President Valdis Dombrovskis said in a joint statement. “However, the EU continues to privilege dialogue first to resolve disputes.”
The Minister of Foreign Affairs, European Union and Cooperation, J.ose Manuel Albarestraveled to Brussels this Friday to meet the Vice-President of the Commission responsible for European Union (EU) trade policy, Valdis Dombrovskis
In particular, the European Commission has said that Algeria’s decision to suspend the Treaty of Friendship and Good Neighborhood Relations signed with Spain is of “great concern” and appears to “violate” the association agreement between the EU and Algeria.
Algeria has this week the Treaty of Friendship, Good Neighborhood and Cooperation with Spain because of its position on Western Sahara, and the first consequence was the freezing of banking transactions related to foreign trade in products and services with the European country.
According to the Commission, “this would lead to discriminatory treatment of an EU Member State and adversely affect the exercise of the Union’s rights under the Agreement”.
to try to “Quickly clarify” the situationBrussels is “in close contact with the Spanish government and is in contact with the Algerian authorities”.
Third countries’ bilateral relations with individual EU Member States are part of their relations with the EU, community officials have recalled.
“Unity and solidarity within the EU remain essential to defend our interests and values in our relations with all countries,” the statement added.
Moreover, trade policy is the exclusive competence of the EU, and the Union is “ready to face any form of coercive measure against any EU Member State”.
“Algeria is an important partner for the EU in the Mediterranean and an important player for regional stability,” confirmed the head of European diplomacy and the head of EU trade policy.
The EU is Algeria’s main trading partner and accounts for the bulk of the country’s international trade (46.7% in 2019), while the North African country ranks 28th among the EU’s trading partners, accounting for 0.7% of the total EU trade. EU in 2020.
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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.
