Tunisia to become permanent member of COMESA early 2018 | Tunisia News Gazette

Tunisia to become permanent member of COMESA early 2018

“Tunisia is set to become a permanent member of the Common Market for Eastern and Southern Africa (COMESA) at the beginning of 2018, which will enable the country to boost its exports to destinations other than traditional European markets, as part of the government’s effort to improve the trade balance, said Trade Minister Omar El Behi.

Speaking at a plenary session at the House of People’s Representatives (HPR) to review the 2018 draft budget of the Ministry of Trade on Tuesday, he added that Tunisia has also become member of the Economic Community of West African States (ECOWAS) which, together with COMESA, represents a market of 300 million consumers.

El Behi pointed said the trade balance had recorded a deficit of 12 billion dinars in 2016 while the rate of coverage is estimated at 68%.

This has prompted the government and the Central Bank of Tunisia (BCT) to take a package of measures to increase exports and rationalise imports.

He asserted that the Ministry of Trade has prepared a list of unnecessary consumer products whose “financing must be carried out in its entirety by the importers,” he said.

Similarly, the Department of Trade has required importers to submit customs declaration documents from exporting countries in order to avoid manipulation and to support technical inspection.

In order to boost exports, the Ministry of Trade will reinforce air transport by 50% and maritime transport by 30%.

El Behi also added that business visits to explore new markets will be made under the aegis of government officials to strengthen economic diplomacy.

Source: TAP News Agency

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Tunisia to become permanent member of COMESA early 2018

“Tunisia is set to become a permanent member of the Common Market for Eastern and Southern Africa (COMESA) at the beginning of 2018, which will enable the country to boost its exports to destinations other than traditional European markets, as part of the government’s effort to improve the trade balance, said Trade Minister Omar El Behi.

Speaking at a plenary session at the House of People’s Representatives (HPR) to review the 2018 draft budget of the Ministry of Trade on Tuesday, he added that Tunisia has also become member of the Economic Community of West African States (ECOWAS) which, together with COMESA, represents a market of 300 million consumers.

El Behi pointed said the trade balance had recorded a deficit of 12 billion dinars in 2016 while the rate of coverage is estimated at 68%.

This has prompted the government and the Central Bank of Tunisia (BCT) to take a package of measures to increase exports and rationalise imports.

He asserted that the Ministry of Trade has prepared a list of unnecessary consumer products whose “financing must be carried out in its entirety by the importers,” he said.

Similarly, the Department of Trade has required importers to submit customs declaration documents from exporting countries in order to avoid manipulation and to support technical inspection.

In order to boost exports, the Ministry of Trade will reinforce air transport by 50% and maritime transport by 30%.

El Behi also added that business visits to explore new markets will be made under the aegis of government officials to strengthen economic diplomacy.

Source: TAP News Agency

President Beji Caid Essebsi received, Wednesday at Carthage palace, Guinean Minister of Foreign Affairs, Mamady
The Wafa Movement will not participate in the May 6 municipal elections, Vice-President Mourad Rouissi
Raja Halouani, head of the organisation "Democracy International Reporting" called on the House of People's
Some 100 members of Al Mostakbal's executive board and regional and local offices have submitted
Foreign Minister Khemaies Jhinaoui said "by targeting Tunisia, terrorist organisations seek to undermine its progressive