Ministry of Economy and Planning announces 50 emergency measures

The emergency economic measures were announced on Friday 1 April 2022 at a press conference at the Ministry of Economy and Planning hosted by five ministers.

The announced measures (50) should have a short-term effect and be completed before the end of this year. They rotate around 4 main axes:

1st Axis: Support cash flow and access to business financing
2nd axis: investment recovery
3rd axis: promoting business regulation
4th axis: simplification of procedures and promotion of exports

1st Axis: Support cash flow and access to business financing

1. Pay off part of the state’s debt to companies, giving priority to the construction sector.
2. Opening of an external credit line in the amount of USD 50 million for refinancing of SMEs.
3. Extend by 12 months the renewal period for viable tourism units.
4. Establish a 200 MTD funding line to subscribe to investment funds dedicated to SMEs.
5. Create a mezzanine line “Restoration” 50MD for post-restructuring revival of SMEs.
6. Establish an incentive mechanism for SME finance
7. Increase by 100 MD donation line to support financial restructuring
8. Create a funding line for innovation-Digitalization-Green and Circular Economy.

2nd axis: investment recovery

9. Adopt a decree-law on exceptional measures to speed up public investment projects and resume private investment:
. Halve the turnaround time for public projects
. Accelerate the implementation of government projects and complete projects that are experiencing difficulties. Encourage Tunisian companies and start-ups, as well as national preferences.
. Make public procurement efficient and effective
. Reviving private investment in the agricultural sector by optimizing public land for investment
. Renewal of private investment in the industrial sector through the simplification of development procedures and the provision of plots
. Renew investment in the renewable energy sector and strengthen cooperation in this area with the European Union, in particular with Italy Renew private investment in PPPs

. Cross-cutting measures to stimulate private investment (investment intermediary, regulatory impact assessment, financial incentives, etc.)
10. Adopt new sectoral competitiveness pacts and put into effect signed pacts.
11. Validate and launch the implementation of investment roadmaps in growth sectors
12. Deliver a 100 0/0 digital journey for the benefit of investors
13. Launch all e-government projects already identified in the Digital Tunisia strategy.
14. Accelerate and expand projects for the production of electricity from renewable energy sources.
15. Improve services at the port of Rades to reduce the waiting time for a container from 17 days to 12 days, and the cost of goods passing through the port to 500/0.
16. List available buildings and set up a prefabricated industrial building program.
17. Regulate the situation of industrial facilities that are subject to confiscation provisions and that have not entered the actual production phase within 3 years after the date of signing the sales contract, as provided for by Law No. 34-2009 on the establishment of the Agricultural Land Agency.
18. Take inventory of public assets and set their value in the interests of public and private projects.
19. Promote technological innovation and research, in particular, support the development of technology parks and clusters.
20. Accelerate the creation of projects for the development of industrial zones in the interior regions.

3rd axis: promoting business regulation

21. Revise article 96 of the Criminal Code.
22. Examine the promulgation of the exchange amnesty at the same time as the revision of the exchange code.
23. Adopt a Decree-Law on movable pledge (Expand existing movable pledge and create new types of pledge, Establish a registry regarding pledge)
24. Adopt a decree-law establishing a code for private equity bodies.
25. Adopt a Decree-Law regarding the support of financial inclusion (improving access to financial services, consumer protection, etc.)
26. Publish application texts related to “Crowdfunding”.
27. Publish implementation texts regarding the SSE law.
28. Publish implementation texts regarding the law on car entrepreneurs.
29. Develop a negative list for business activities
30. Adopt a public property code (deal with the public domain with more transparency, manage public property with good governance)
31. Issue a presidential decree establishing the conditions and procedure for leasing non-agricultural land in the interests of investors in accordance with Article 19 of Law 1102019-45 of May 29, 2019.
32. Publish a presidential decree establishing the conditions and procedure for the sale of symbolic dinars in favor of the Industrial Land Agency in accordance with Article 20 of Law No. 045 of May 29, 2019.
33. Promulgate Decree-Law amending Law No. 1102016-53 of 11.07.2016 on expropriation for public needs.
34. Provide recipients of state agricultural plots with title documents that allow them to fully manage their property.
35. Regulate the situation with former housing estates built on private state property.

4th axis: simplification of procedures and promotion of exports

36. State support through the export risk guarantee fund,
500/0 export insurance premiums to sub-Saharan Africa market
37. Establish the International Land Company of Tunisia (SOFIT) and consider joint action with other government service providers.
38. Install the label and slogan “Made in Tunisia” on all Tunisian products in order to unify and improve the label, as well as to sell the Tunisian product.
39. Facilitate and expand the provision of Authorized Economic Operator (AEO) status.
40. Update “SOS export” service
41. Digitize 3 foreign trade procedures through the TradeNet platform managed by TTN TradeNet (Technical export control certificate, Payment of customs duties, taxes and fines by electronic transfer, Proof of origin)
42. Provide duty in all companies and structures involved in exports on weekends and holidays.

Next steps

Economic stimulus measures are an important milestone in the process of reforms aimed at exiting the crisis and gradually restoring confidence
Particular attention will be paid to the implementation of various measures within the framework of regular monitoring by the government.
Actions will continue to consider additional solutions and mechanisms that can improve the economic situation, following an active consultation approach with all stakeholders, in particular the social partners and the private sector. The dialogue will be intensified in the coming period through investment meetings, development plan commissions and joint government and social partner reform committees.

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