Tunisia officially becomes a member of the Common Market for Eastern and Southern Africa (COMESA) next July, according to an announcement made Tuesday, May 29 by its Minister of Commerce, Omar El Behi, at a meeting to present the results of a survey on the obstacles to exports for Tunisian SMEs.
According to the minister, the integration of Tunisia in this regional market will strengthen its trade with the African continent.
He said, moreover, that in 2017, the volume of exports of goods amounted to 35 billion dinars and the objective is to bring this figure to 50 billion dinars by 2020.
It should be noted that trade in this market, which includes 19 African countries, has exceeded 4500 billion dollars.
This amount is expected to be between $ 6,000 and $ 7 trillion in the next few years, a much higher value than that forecast by the US $ 3 trillion consulting firm Mc Kenzy in 2025.
As a reminder, Tunisia’s application for membership of COMESA was accepted in October 2016 at the meeting of the presidents of the governments of the member states of this market.
Trending
- Kenya starts talks with Ethiopia for more electricity
- Afreximbank launches $3 billion revolving facility for oil players
- Four Kenyans wanted by Nigerian authorities for CBEX hack
- IMF tough rules for Kenya’s new loan
- ARC Ltd and Klapton Re join forces to expand climate insurance across Africa
- Investors snub Ethio Telecom’s IPO, taking only 10.7 percent of shares offered
- Ruto bags $823 million in China
- Kenya’s KCB, Equity Bank to sell 30 percent stake in Congo subsidiaries