Algeria Suspends Direct Debit for Food, Industrial Equipments, Marble, Plastics and Carpets

· Pre Authorised Direct Debit Instructions Required

[Ref: Trade Notice No.16/2015- 2020) dated 1 September 2017]

The Algerian Government vide their Notification N.Ref:421/2017 dated 4th July, 2017 has issued directions to their banks to suspend all direct debit instructions for import of following food products and food preparations:

(i) Food preparation products (sauce, ketchup, mayonnaise);

(ii) Food products (biscuits, confectionery, chocolate);

(iii) Industrial equipment such as electrical transformers;

(iv) Finished marble, finished granite

(v) Finished plastic products, household finished plastic products

(vi) Plumbing products

(vii) Carpets

2. In accordance with article 29 of the regulation No.07-0l dated 09/01/2017, related to rules applied on transactions with foreign countries, the pre - authorized bank debit instruction is compulsory for making transfers I fund repatriation, and clearing of goods.

3. Companies having exported the above mentioned items to Algeria may check up with their client if all bank formalities mainly the pre - authorized bank direct debit instruction, has been completed before 4th July, 2017.