Tunisian companies called to increase exports to Chinese Market | Tunisia News Gazette

Tunisian companies called to increase exports to Chinese Market

” Tunisian companies are called to increase their exports to the Chinese market, particularly food products such as olive oil, in order to reduce the trade deficit between the two countries, said Vice-President of the Tunisian Confederation of Industry, Trade and Handicrafts (UTICA) Hichem Elloumi.

Trade between Tunisia and China showed a deficit of 61.9 million Tunisian dinars (MTD) in 2016, up 11.5% compared to 2015.

Speaking at the Tunisian-Chinese Economic Forum in Tunis by UTICA, in association with the China Council for the Promotion of International Trade (CCPIT), he added that Tunisia is considered as a specific site for Chinese companies that intend to set up in the country and subsequently ensure its exports to Euro-Mediterranean countries.

“China and Tunisia has established strong relations for the last 53 years and good economic co-operation in many fields of which both countries have benefited greatly from.

In 2001, the two countries’ sales reached 1 billion in 2001 and achieved 14.4 billion in 2016,” said Vice Chairman of the China Council for the Promotion of International Trade, Lu Pengqi.

He also acknowledged the big progress currently occurring especially in the field of industry and tourism.

Since 2014 the political situation in Tunisia has maintained stable and policies were made to push economy forward. In this context, the investment environment is now improving which offers huge potential for Chinese corporations to invest, he added.

Mr. Pengqi called for expanding economic relations and facilitating economic exchange between both countries.

CEPEX CEO Aziza Htira said the future direction of relations between Tunisia and China should be part of a win-win approach.

She recommended drawing up a medium- and long-term action plan to attract Chinese investors to Tunisia as partners for African and European markets.

Htira also called for the promotion of Tunisian-Chinese joint ventures for African markets in the railway industry, new energies, computer and telecommunication networks, automotive construction, aeronautics…

To give fresh impetus to Tunisian-Chinese cooperation and to reduce the deficit incurred to the detriment of Tunisia, she urged bringing more closer support bodies in both countries and bolstering institutional co-operation between the professional structures to favour promotion actions.

Htira also stressed the need to privilege industrial and commercial partnership which could constitute a lever for the development of trade and trade flows and to intensify the action of economic and commercial promotion in both countries.

Director General of the Foreign Investment Promotion Agency (FIPA), Khalil Laabidi encouraged Chinese businessmen to invest in Tunisia, especially in sectors with high added value such as automotive components, aeronautics, food industry, off shoring

He recalled that Tunisia is an attractive site for foreign businessmen and it has all the assets that encourage foreign investors to invest there in the country. These include the new Investment Law that will enter in force on April 1, 2017, tax incentives and regulations that guarantee freedom of investment in most of the sectors ad facilities for imports and exports with simplified customs procedures, he pointed out.

UTICA and CCPIT signed a memorandum of understanding in order to improve co-operation relations between the two organisations.

Under this agreement, each party will create a business council in its country and designate its president.

The business council is meant as a platform to promote the industrial and commercial sector between Tunisia and China. It will provide information on trade and investment opportunities and help overcome problems in international trade and economic co-operation.

“B2B” bilateral meetings were held between Chinese and Tunisian companies in order to make better known the economic potentials of the two countries.

The Chinese delegation is visiting Tunisia from March 30 to April 1.

Source: TAP news Agency

The banks' financing rate of agricultural investments edged up 20.3% by the end of April,
The draft organic law to combat racial discrimination must encompass different forms of discrimination, president
The general situation in the country and the latest economic indicators were at heart of
The budget deficit edged down 41.7% to 1,079.4 million dinars (MD) by the end of
The budget deficit edged down 41.7% to 1,079.4 million dinars (MD) by the end of