France Says Unaware of Algerian Trade Curbs as Tensions Build

French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)
French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)
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France Says Unaware of Algerian Trade Curbs as Tensions Build

French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)
French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)

France said on Thursday that it was not aware of any official measures imposed by Algeria on its imports and exports, but would keep a close eye on the situation as diplomatic sources suggested Algiers may be preparing trade restrictions.
Ties between Paris and Algiers have worsened in recent weeks since France recognized Morocco's sovereignty over the disputed territory of Western Sahara, which Morocco wants the international community to recognize as Moroccan, Reuters said.
The decision angered Algiers, which backs the Polisario Front that is seeking an independent state.
"We have not been made aware of such measures, but we are closely watching the situation for our companies in Algeria," France's foreign ministry spokesman Christophe Lemoine told reporters at a weekly news conference.
The office of Algerian Prime Minister Nadir Larbaoui issued a statement denying the contents of a post on X by France's former ambassador Xavier Driencourt which shows a screenshot of a document that appears to outline restrictions on imports and exports. Reuters was not able to authenticate the document and Driencourt did not respond to a request for comment.
"Following the false allegations promoted by the former French ambassador to Algeria ... regarding the alleged restrictive measures on foreign trade, the press office of the Prime Minister would like to categorically deny this information which is completely unfounded," it said in a statement.
According to three diplomats, there has been a concerted effort in recent months by Algeria to toughen the business environment for French firms, including wheat exporters.
The diplomats said there had been some signals in recent days that Algiers may look to specifically target French imports and exports, although there had been no official confirmation at this stage.
Algerian officials did not respond to Reuters' requests for comments.
BANKING SPAT
In 2022, Algeria's banking association ordered the end of payments to and from Spain after an official trade ministry directive, although it exempted key gas exports.
That rift, which has since calmed, was also over Madrid's stance on Western Sahara.
French daily newspaper Le Figaro newspaper reported on Thursday that the banking association in the North African country had met banks on Nov 4. and informed them of a potential measure.
Two diplomats told Reuters they were aware of that meeting, but cautioned that the association could not take such a decision unilaterally.
Several French companies operating in Algeria contacted by Reuters said they had not received any new directives and French officials said at this stage no companies had approached them with any specific difficulties.
Grain traders have reported that Algeria overlooked France in wheat tenders last month due to the diplomatic tensions, though Algerian state grains agency OAIC said it treated all suppliers fairly and applied technical requirements to cover its import needs.
The reported trade obstacles echo a diplomatic dispute three years ago that led to France being sidelined from its former colony's wheat tenders for months. Trade between the two countries grew more than 5% in 2023 with hydrocarbon exports from Algeria to France increasing about 15%, although imports to Algeria from France dropped 0.5%, according to the French finance ministry.



Lebanon’s War Losses Double Compared to 2006

Rescuers and aid workers search for survivors at the site of an Israeli airstrike in eastern Lebanon (AFP)
Rescuers and aid workers search for survivors at the site of an Israeli airstrike in eastern Lebanon (AFP)
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Lebanon’s War Losses Double Compared to 2006

Rescuers and aid workers search for survivors at the site of an Israeli airstrike in eastern Lebanon (AFP)
Rescuers and aid workers search for survivors at the site of an Israeli airstrike in eastern Lebanon (AFP)

A comparison of the current human and material losses from the ongoing Hezbollah-Israel conflict with those from the July 2006 war shows that current losses have doubled.

Experts warn that the reconstruction funds and aid pledged to Lebanon 18 years ago may have limited impact once the war ends.

Total Losses

Mohammad Shamseddine, a researcher from Information International, told Asharq Al-Awsat that the death toll has risen from 900 in 2006 to 2,865 in the current conflict (as of October 31, 2024), with the number increasing daily. The number of wounded was 4,000 in 2006, but it has now exceeded 13,047.

In 2006, 600,000 people were displaced, while today that number has surpassed 1.2 million. Of these, 189,174 are in shelters. A total of 358,133 Syrians and 172,604 Lebanese have fled to Syria, and 120,000 have sought refuge in other countries.

Lebanese Economy and Trade Minister Amin Salam estimated that Lebanon’s total economic losses from the current conflict have reached $20 billion. However, economic associations report direct losses between $10 billion and $12 billion, covering damage to key sectors, homes, buildings, and infrastructure.

These figures align with estimates from Shamseddine, who believes direct and indirect losses are around $10 billion.

Of this, $4 billion occurred from October 8, 2023, to September 17, 2024 (when the conflict was mostly limited to the south), and $7 billion from September 17 to October 31, 2024, after Israel expanded the war. For comparison, losses during the 2006 war totaled $5.3 billion.

In 2006, infrastructure damage was valued at $900 million, higher than the current war's $570 million in infrastructure losses.

Housing losses in 2006 totaled $2.2 billion, while they have now surpassed $4.26 billion. Mohammad Shamseddine points out that commercial losses were similar in both conflicts, at $4.7 million.

Agricultural and environmental losses in 2006 were $450 million, but now exceed $900 million. Indirect economic damages were $1.2 billion in 2006, while they have now surpassed $3.38 billion.

One notable difference is the number of airstrikes: from October 8, 2023, to October 31, 2024, there were 11,647, compared to just 3,670 during the 33-day 2006 war.