Tires, Coffee Shortages In Algerian Market Underscore Failing Import Restriction Policies – CoffeeTalk
Algeria’s import restriction policy has led to severe shortages of key products, including tires and coffee, affecting transport prices and road safety. Transport unions have raised concerns about the impact on transport prices and road safety. Coffee prices in coffeeshops have also increased due to the shortages, causing citizens to stand in long queues to buy basic goods. Algeria has tightened its import restriction policies in response to Saudi Arabia’s plan to increase oil production and end the OPEC consensus, aiming to maintain prices at 85-100 dollars per barrel. President Tebboune has spent his first term distributing oil rent to buy social peace at the expense of maintaining the country’s oil-dependent status quo. Restricting imports is a short-term cosmetic measure with dire consequences on citizens’ well-being and the functioning of the Algerian market. Stockpiling and speculations are rampant due to the scarcity of goods, resulting in double-digit inflation.
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Source: Coffee Talk