18 April 2014

Tunisia: Cabinet Meeting Takes Measures to Control Imports, Boost Exports

Interim Prime Minister Mehdi Jomaa chaired, Friday in Kasbah, a Cabinet meeting on the trade deficit situation.To reduce this deficit which worsened in the first quarter of 2014, impacting negatively on the level of foreign currency serves, the Cabinet decided a set of measures to control imports and boost exports.

The goal is to control the energy balance and the imports of some products and goods.

Regarding exports, measures decided aim to boost the sales of phosphate and chemical fertilisers and the surplus of agricultural production while easing export operations.

The Cabinet meeting decided to create a cell bringing together the Central Bank of Tunisia and the ministries of economy and finance, trade and handicrafts, industry, energy and mines to monitor the implementation of these measures.

Tunisia's trade deficit worsened in the first two months of 2014, reaching 1,911.9 million Tunisian dinars, as a result of a large trade imbalance with exports estimated at 4,512.9 MTD and imports at 6,428.8 MD, according to the National Institute of Statistics (INS).

The deficit was at 863.2 MTD in January 2014 and at 1,531.2 MTD at the end of February 2013.

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