Is opening up the Algerian economy a gamble?
In an age of globalization, economic reform is an unavoidable necessity. There is no substitute; we have to prove our ability to adapt to the rules that govern the new world economy. We have taken considerable steps to reform our economy and are still striving to complete this. The question is not whether to undertake reform or not, but how these reforms are implemented. It has to be via consultation and discussion, which will alone protect our society from unrest, providing a suitable environment to continue reform.

What measures have you put in place to encourage Arab investors?
In the last two years, the government has adopted legislation and established organizations specifically to attract investors. In this area, Algerian investment laws are very encouraging. Laws presently in force don’t differentiate between local investors and foreign, and we hope that the investors among our Arab brethren take the chance to come here, especially since they have an emotional bond with Algeria due to our common destiny and shared heritage, which bring our peoples together.

What sectors have priority in your opinion?
All sectors are open to investors without exception. From the point of view of the authorities, some sectors enjoy priority because they are directly involved in improving living conditions for citizens. At the head of these sectors are housing and water resources, as well as the tourism sector, which is a virgin area for investors and an exceptional opportunity. There are, naturally, numerous other sectors which could yield a worthwhile return.

How do you see the increasing closeness between Arab countries in the age of globalization, especially after the events of September 11?
The most important feature in the new global order is that it is built on the logic of groupings. Is it conceivable that Arab countries remain outside this trend? From my point of view, it is necessary that we strive from the beginning to clear the air between brothers, to resolve disputes, and wipe away a past full of crises. After that we need to realistically and systematically build economic integration and political closeness. The new conditions that define the international arena make it necessary for us to gather our strength, close ranks and speak with one voice. Closeness between Arab countries cannot remain a slogan, based only on emotion; it must be built on a realistic view of matters where each country reaps a return and common interests hold. I am completely convinced that it is possible to join national interests and unite our efforts if we adopt a systematic manner and a realistic approach.

What is the regional model you see as suitable for economic integration? And is it on the level of North Africa or the Middle East?
The ambition is to realize economic integration between all Arab countries. This is a comprehensive view that encompasses the Arab world in its entirety and naturally benefits from all the improvements realized in the various regions of the Arab world. So economic integration between the countries of the Gulf Cooperation Council, and efforts to strengthen the laws of the North African Union all serve the same purpose. It’s worth noting that Arab countries realize the necessity of working toward economic integration, and have started to make progress in this regard, especially toward establishing an Arab free trade zone. This will permit every country to realize its potential and enable us, without a doubt, to sketch an outline of our future economic integration.

What role does Algeria play in the Arab world?
Algeria strives as hard as it can to promote the resolution of disputes in the Arab Nation and bring Arab points of view closer to each other on different international issues. Furthermore, Algeria has a deeply rooted belief in the potential importance of the Arab League, and hopes that this organization can form, truly, a mechanism that lets the Arab nation express its positions with one voice and in harmony. Algeria will not, at any time, be among those who want to disrupt Arab ranks or weaken Arab power, so our policy on the Arab nation, before all else, is to work for unity.