New regulations on imports hinder polymer trade in Algeria
“Despite the April increases, players are only meeting their needs as they are no longer interested in building stocks. Overall demand is slow and the state of the market is not encouraging at all. On top of this, new import regulations implemented by the government are hindering trading activities even further.
According to the new regulations, importers must collect all the necessary papers along with their invoices and send them to the Ministry of Commerce and wait for approval before carrying on with their purchases. In addition, obtaining dollars is still very problematic in the country and players mostly need to turn to the black market to meet their dollar needs but in doing so, they have to pay nearly double of the official exchange rates,” he commented.
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