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Algeria has banned the import of 900 products including cellphones, household appliances and vegetables in a bid to cut spending following a drop in earnings from oil and gas, a Trade Ministry document showed on Tuesday.Algeria relies on oil and gas for 60 percent of the state budget but earnings from the sector have halved since oil prices collapsed hitting the state-dominated economy hard.The import ban – following a 30 percent rise in taxes and customs duties already imposed on some of these products from Jan. 1 – risked upsetting Algeria's younger generation, many of whom struggle to find jobs in an economy where unemployment stands at 12 percent.That situation has forced Algeria to rely heavily on imports to meet the needs of the nation's 40 million people, causing increasing spending on subsidies as authorities seek to preserve social stability.
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