3rd Tunisia-Africa business meetings aim to enhance output to sub-Saharan Africa
(MENAFN) The 3rd Tunisia-Africa Business Meetings commenced on Tuesday in Tunisia's capital city, Tunis, marking a significant step in Tunisia's efforts to increase its exports to sub-Saharan Africa. The two-day event aims to promote Tunisian expertise in various sectors, particularly in the food, electrical, and pharmaceutical industries, according to the Tunis Afrique Presse (TAP).
Trade between Tunisia and sub-Saharan African countries reached 650 million U.S. dollars last year, with Tunisia's exports to these countries exceeding 490 million dollars, which represents 3.5 percent of Tunisia's national exports. This event underscores Tunisia's strategic focus on enhancing economic ties with sub-Saharan Africa.
During the opening ceremony, Tunisian Trade and Export Development Minister Kalthoum Ben Rejab reaffirmed Tunisia's commitment to strengthening political and economic relations across the African continent. This commitment is reflected in Tunisia's active participation in bilateral agreements and regional trade frameworks, such as the Common Market for Eastern and Southern Africa (COMESA), the African Continental Free Trade Agreement (AfCFTA), and other mechanisms of the African Union.
Ben Rejab highlighted that intra-African trade saw a significant increase of 3.2 percent, reaching 192.2 billion U.S. dollars during the previous financial year. This growth underscores the potential for further economic collaboration and trade between Tunisia and sub-Saharan African countries.
The Tunisia-Africa Business Meetings provide a platform for Tunisian businesses to showcase their products and services, fostering new trade partnerships and opportunities within the African market. The event is part of Tunisia's broader strategy to diversify its export markets and strengthen its economic presence in sub-Saharan Africa.
MENAFN03072024000045015839ID1108403420
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.