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Tunisia: export sector takes advantage of small revival in Europe

CEO of the Export Promotion Centre (CEPEX), Aziza Htira, told Express Fm on Monday, February 15, 2015 there is a small improvement on the export front. The export coverage rate has slightly increased by 2 points to 70%, she added.
 
This indicator is to be monitored very closely because export weighs 35% in the Tunisian GDP.
 
6600 Tunisian companies are working in export to international markets, particularly in Europe. Therefore, the points of growth in Europe are closely correlated with the Tunisian economy.
 
If things are better on the European continent, it would necessarily be felt in Tunisia.
 
And this is the case now with the emerging recovery on the other side of the Mediterranean, with oil prices remaining at very low levels, a more solid global growth and a continued decline in the euro which favors foreign investment and exports.
 
The European Commission is expecting GDP to growth 2.0 in 2017 against 1.9% this year. So Tunisian exporters have reason to hope…
 
Mrs. Htira said 40% of Tunisian products marketed abroad are out of electromechanical industries. She added that other destinations such as Africa are scrutinized at the moment, while maintaining the positions on the traditional European market.

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