Algeria continues to impose economic restrictions on Spain due to Madrid’s support for the autonomy proposed by Morocco as a definitive solution to the Moroccan Sahara issue.
Madrid incurred daily losses of more than 4 million euros, according to recent statistics from the Spanish Ministry of Commerce.
According to spanish newspaper, The losses affected many sectors, including the food industry and cattle meat, which represent significant percentages of the turnover of Spanish companies with the Algerian market.
The newspaper adds that, except for gas supplies linked to long-term contracts, Algeria paralyzed all economic exchanges with Spain, whose goods exported to Algeria were worth 3,000 million euros, given the acute crisis between the two countries.
A report from the Spanish Ministry of Commerce, during the months of June and July, estimated a loss of 4,400,000 euros per day in sales.
After Spain’s declaration of support for autonomy, Algeria intends to exercise economic restrictions on it; Madrid accused Algeria of “violating its commitments” contained in the Association Agreement signed with the European Union in 2002, which refer to the movement of trade with the member countries of the Union.
More recently, the President of the Spanish Government, Pedro Sánchez, avoided mentioning his support during his speech at the United Nations General Assembly; What aroused the interest of Algeria, since he considered it a sign of a change in the Spanish position towards the Moroccan Sahara.