World Bank Senior Economist Gael Raballand pointed, at a workshop on terrorism and smuggling held on Wednesday in Tunis, the expansion of informal trade on the land borders of Tunisia.
He said that 500 million dinars, tariffs, fly to pieces every year, adding that the value of border trade between Tunisia and its neighbors (Libya and Algeria) exceeds 1.8 billion dinars per year, or 5% of the total official imports, more than half of the official trade with Libya and higher than the trade with Algeria.
The senior economist at the World Bank explained the importance of this phenomenon applied on both sides by subsidies on products in addition to the near absence of the tax burden on consumption in Libya.
The meeting was organized by the Centre for Studies and Economic and Social Research (CERES).
