• Post detail
  • Tunisia ratifies the African Free Trade Area Agreement (ZLECA)
angle-left Tunisia ratifies the African Free Trade Area Agreement (ZLECA)

Tunisia ratifies the African Free Trade Area Agreement (ZLECA)

Positive impact on exports

23 Jul 2020 - 00:00:00
The Assembly of People's Representatives (ARP) unanimously adopted, during a plenary session held on Wednesday afternoon, the draft organic law relating to the convention establishing the Zleca. Tunisia thus joins the 30 countries that have already ratified the founding convention of the largest free trade area in Africa. This free trade area aims to set up a global framework allowing a fruitful exchange at the level of commercial relations between the member countries of the African Union. It has set itself the task of alleviating the alienation from exports of basic necessities and strengthening the economic and social transition to achieve economic growth, industrialization and sustainable development, in line with quotAgenda 2036 for 'African Union'. It also aims to strengthen the competitiveness of Tunisian products on African markets. This is in view of the high level of customs tariffs applied in most African countries on imported goods. Also, it stipulates the dismantling of non-customs obstacles that hinder the movement of goods. This convention will have a positive impact on the export of Tunisian services. The African Free Trade Area is the largest in the world. It represents 1.2 billion people and exchanges of more than 300 billion dollars.

Images

00