Sat. Jul 6th, 2024

Tunisian authorities are seeking to boost the competitiveness of their exports in the Maghreb and Mediterranean by reducing transport costs and shortening sea routes.

Exporters are waiting for the launch of the first direct sea line linking Tunisia with Morocco, Spain and then Misrata, Libya, with a shipping capacity of more than 350 containers.

The cost of shipping and rising insurance on goods are affecting Tunisia’s ability to access European markets and increase exports, while the country needs additional hard currency revenues to balance its trade balance.

The results of following up the development of Tunisian trade exchange with abroad at January prices highlighted an increase in exports by 2.1% compared to the same month of 2023.

The value of exports reached 5.1 billion dinars compared to 5 billion dinars during the same month of 2023, according to data from the State Statistical Institute.

The improvement in exports is due to the significant increase recorded in the agricultural and food products sector by 66.2% compared to the first month of last year.

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