Tunisia / Turkey: four agreements to reduce trade deficit inked | Tunisia News Gazette

Tunisia / Turkey: four agreements to reduce trade deficit inked

Tunisia and Turkey signed four cooperation agreements in Tunis on Friday in the fields of competition, standardisation, technical regulations and support for Small- and Medium-Enterprises (SMEs), at the closure of the 3rd session of the Tunisian-Turkish Partnership Council.

These agreements, signed by Minister of Industry and Trade, Zied Ladhari and Turkish Minister of Economy Nihat Zeybekci, aim to reduce Tunisia’s large trade deficit vis-A�-vis Turkey ( 1.482 million dinars).

Ladhari said that the objective of these agreements is to find solutions to overcome this failure, through the increase of Tunisian exports to Turkish market and the increase of Turkish investments in Tunisia.

The minister said that Tunisia can become a platform for Turkish businessmen, allowing them to conquer new markets in sub-Saharan Africa and even in Europe. He said Tunisia intends to reduce its imports from Turkey, which have increased considerably in recent years, by reducing imports of certain non-essential consumer products.

Ladhari also referred to the possibility that Tunisia might take certain exceptional measures such as the application of customs duties on certain Turkish products for a specific period.

For his part, the Turkish Minister of Industry has stressed his country’s willingness to increase imports of certain Tunisian products such as olive oil, mining and phosphate products and cement.

Tunisia and Turkey signed a free trade agreement in 2004, under which customs duties were lifted gradually to reach all products. In 2013, the agreement was revised to create a free trade zone between the two countries.

Source: TAP News Agency

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