Algeria Comprehensively Adjusts Import and Export Rules

According to the latest edition of the "World Tariff Profiles 2021" released by the World Trade Organization (WTO) and the United Nations Council for Trade and Development (UNCTAD), Algeria ranks fourth among the countries with the highest import barriers in the world with an average tariff of 18.9%.

Argentine import payment rules
1. Cancel the provision that when the importer imports the final product (Produits destines à la vente en l’etat), the payment date should be postponed until 45 days after the goods are shipped.
2. The importer must open a bank account and register in the country's bank before payment, transfer or customs clearance, and complete the registration procedures at least 30 days before the exporter ships the goods. The account must have a balance of at least 1.2 times the total amount of import payments.
3. Maintaining the maximum deposit that foreign exporters can request is 15% of the invoice value.
4. Maintain the maximum payment period that local importers can require to be 360 days after shipment.
5. In view of the official regulations of Afghanistan that import and export insurance premiums should be paid within the country, it is recommended to use FOB trade terms for trade with Afghanistan. If other trade terms are adopted, the freight and cost of goods must be clearly distinguished on the invoice.

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