Orders have been issued to prevent export and import operations to and from Spain. The instruction was directed by the Professional Association of Banks and Financial Institutions to all bank managers. The instruction prohibits any bank localization process to carry out an import operation from Spain. The new procedure came after the authorities’ decision to suspend the Treaty of Friendship and Good Neighborliness with Spain. The instruction It also prevents any bank domiciliation process for exporting to Spain.
The new measure will come into effect from tomorrow, Thursday. Spanish diplomatic sources said that Spain regrets Algeria's decision to suspend the cooperation agreement between the two countries, after Madrid changed its position on the Sahara issue to align with the Moroccan position.
This new measure came after the authorities’ decision to suspend the Treaty of Friendship and Good Neighborliness with Spain, due to Spain’s bias towards the Moroccan occupation of Western Sahara and its unjustified position through its full support for the illegal and illegitimate form of internal autonomy proposed by the Moroccan occupation.