6 days ago
Tunisia's exports to India are booming!
India can become an important economic partner for Tunisia, especially during this delicate phase the country is going through.
India is a country that has managed to achieve rapid and remarkable economic development, particularly in the fields of industry, finance, and high technology. (…)
Its development model is based on the value and quality of its human resources, scientific research, hard work, and perseverance.
In light of these economic performances, the Export Promotion Center (CEPEX) revealed that untapped export opportunities to the Indian market amount to approximately 214 million US dollars, although trade between Tunisia and India reached around 800 million dollars, or about 2.4 billion dinars last year.
These opportunities, according to a recent meeting between CEPEX CEO Mourad Ben Hassine and the Ambassador of India to Tunisia, Shri Ngulkham Jathom, require strengthening the partnership in high value-added sectors.
The fields of cooperation between the two countries include the chemical and fertilizer industries, given the presence of phosphoric acid in Skhira, as well as the pharmaceutical industries, renewable energies, electrical and electronic industries, and agricultural products.
Tunisian exports to India have improved significantly, with olive oil exports growing by 250% and dates by 56%, reflecting the growing momentum of Tunisian products on the Indian market, according to CEPEX.
As for Tunisia's imports from India, they notably include cars and spare parts, valued at 356 million dinars (representing 18% of total imports).
Pharmaceutical imports, in turn, have increased significantly, with a rise of 637%, in addition to imports of tea, frozen fish, agricultural tractors, textiles, and petrochemical products, reflecting the diversity and growing openness of the Tunisian market to Indian supply.
India, Tunisia's 9th trade partner
According to 2024 figures, India is Tunisia's 9th trading partner in terms of import volume and the 16th in terms of exports.
According to CEPEX, there are promising prospects to further develop trade and broaden areas of partnership in several vital and strategic sectors.
The Indian Ambassador to Tunisia reaffirmed her country's commitment to continuing the strengthening of economic cooperation with Tunisia.
She emphasized the importance of activating cooperation between CEPEX and its Indian counterpart, by intensifying the exchange of visits and economic missions, and organizing bilateral business forums to strengthen sectoral partnerships.
During the meeting held at the Exporter's House, both parties discussed the importance of activating previous agreements, particularly the memorandum of understanding signed between CEPEX and its Indian counterpart in 2017, which constitutes a legal framework for institutional cooperation.
The two sides also discussed a proposal to organize a remote forum in the presence of relevant bodies to further discuss ways to strengthen economic cooperation in promising sectors, as part of current preparations to hold meetings of the Joint Commission aimed at overcoming customs and tax-related obstacles.
It is worth noting that Tunisia imports various products from India, such as tea, mechanical products, pharmaceutical products, rice, tobacco, textile products, and cotton yarn, while phosphoric acid remains the main Tunisian product exported to India.
