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Youssef Chahed commends Tunisia's accession to COMESA

Published the:  18/07/2018

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(TAP) – Prime Minister Youssef Chahed commended Tunisia's accession to the Common Market for Eastern and Southern Africa (COMESA), which "will help consolidate exports, accelerate growth rates and create employment opportunities."

"After two years of negotiations, Tunisia officially joined today the Common Market for Eastern and Southern Africa (COMESA), which has 500 million inhabitants with a gross domestic product of 800 billion dollars and trade exchanges of "about 250 billion dollars," said the Prime Minister on his Facebook account after the admission of Tunisia to this large economic zone in Africa.

Youssef Chahed said that this accession "will open large markets for Tunisian exports through a sharp reduction in customs duties which will increase their ability to compete".

He also noted that joining the Comesa "will help attract some of the investment for this economic zone to Tunisia".

"All these positive points are an additional motivation to increase exports and thereby accelerate the pace of growth and create jobs," he hoped.

Foreign Minister Khemaies Jhinaoui ratified on Wednesday in Lusaka, as the representative of President Béji Caïd Essebsi, the treaty of accession of Tunisia to this economic zone, to become the twentieth member country.

This admission will allow Tunisia to automatically join the triangular free trade zone formed by COMESA, the East African Community (EAC) and the SADC (Southern African Development Community), bringing together nearly half of the countries of the continent and harboring significant potential, conducive to strengthening economic and trade exchanges between African countries