List News    News

Chahed announces launch of government programme to better investment climate

Published the:  17/01/2018

| Share

(TAP) - Prime Minister Youssef Chahed announced on Wednesday the launch of a government programme to better the investment climate in Tunisia, based on two main pillars: The revision of the system of authorisations required and of administrative procedures capable of reducing bureaucracy.

Speaking at the opening of the UTICA national elective congress, the PM said that from the beginning of February 2018, a definitive list of authorisations required for the creation of a project will be ready.

"The administration's delay in responding to a request for permission is automatically considered an approval," he specified, adding in the same regard, that the Central Bank of Tunisia (BCT) will be required to meet a specific deadline to respond to requests for foreign currency transfer abroad.

He also announced that a definitive list of economic activities requiring authorisations will be published at the end of the 1st half of 2018, to anchor the principle of the freedom of investment.

"Thus, authorisations will be an exception that will be limited to a number of activities including health, defence, etc.," he indicated.

Besides, the Prime Minister considered that through this programme, the administrative procedures necessary for the creation of an enterprise will be revised downward from 9 to 5, which will allow an entrepreneur to set up his project in a time varying between 48 hours and 72 hours.

"These measures will also affect logistics and more specifically all the commercial ports, especially that of Rades."

In this regard, we want to better handling and customs clearance times by simplifying several procedures," added Chahed, recalling in this connection, the objective of the National Export Council which is to double the Tunisian exports by 2020.

At the other hand, he stressed the imperative of implementing the major economic reforms and boosting investment, which will enhance job creation and wealth, which will help boost the country’s growth.

Speaking of the subject of prices and new taxes, Chahed said that although they (taxes) are overwhelming, they will restore the financial balance.