Trade between Algeria and the European Union

Abstract

International trade theories present trade as a solution to maximize the welfare of the
nation. They are currently characterized by regional agreements, or bilateral agreements.
Algeria, which is relatively well endowed with labor, and certain natural resources (gas,
oil), essentially trade with the European Union, which is relatively well endowed with
capital. So it is beneficial for Algeria to specialize in the production of the goods needed
for labor, and to import goods endowed with capital from Europe. In order to try to
analyze these questions we will present in the first part the trade of Algeria with the EU,
which we will see the structure of trade, and understand the role of oil in these exchanges.