The Arab Africa Trade Bridges (AATB) program and the Republic of Tunisia sign the 2022-2023 country program

The Republic of Tunisia, represented by HE Samir Said, Minister of Economy and Planning, approved the Arab Africa Trade Bridges (AATB) program through a signing ceremony that took place with Eng. Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) and Secretary General of the AATB program. The two parties signed the 2022-2023 country program with the aim of developing a cooperation framework between the Republic of Tunisia and the AATB program.

The agreement defines a country program dedicated to Tunisia, which includes the implementation of projects for the benefit of the national economy, and supports various sectors and opens up opportunities for access to African markets in coordination with the partner institutions of the program, including the International Islamic Trade Finance Corporation. (ITFC), Islamic Corporation for Insurance of Investments and Export Credits (ICIEC), African Import and Export Bank (Afreximbank), Arab Bank for Economic Development in Africa (BADEA) and the Islamic Corporation for Private Sector Development. Sector (ICD),.

Eng. Hani Salem Sonbol hailed the fruitful relationship with Tunisia and the importance of cooperation, especially given the repercussions of the Covid-19 pandemic on the local economy. He also referred to the signed program which includes the four pillars: trade, insurance, investment and infrastructure. The agreement also aims to strengthen cooperation between the Tunisian government and the partners and stakeholders of the AATB program to help Tunisian entities reach new horizons in the African market; and providing technical assistance programs to support the skills and tools needed to develop the export sector.

For his part, Mr. Samir Said emphasized the objectives of the agreement, which range from providing opportunities, to the technical support needed to facilitate access for Tunisian companies to promising African markets in developing the export sector and supporting trade actors. He also noted that the AATB program, which is an important mechanism for establishing fruitful partnerships between Arab and African countries, will facilitate projects of common interest and the growth of the economies of the countries concerned.

The program was therefore designed with the ultimate objective of leveraging new business partnerships and taking advantage of certain factors, including assistance in the selection of specialized institutions or consultants, and the strengthening of Tunisian-African cooperation. This objective will be achieved by encouraging the use of public and private training structures and institutions, by promoting Tunisian expertise in various fields and by organizing (B2B) Buyer/Seller meetings for sectors presenting export growth opportunities. of products and services, such as the pharmaceutical and food industries, health services, construction, digitization and information technology. The program will also support the capacity of Tunisian companies to increase their volume of foreign trade; provide support to Tunisian exporters and investors abroad and help Tunisian institutions to import raw and strategic materials such as gas and cereals.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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About the Arab-African Trade Bridges (AATB) Program:
The AATB is a multi-donor, multi-country and multi-organization program, aimed at promoting and increasing trade and investment flows between African and Arab member countries; provide and support trade finance and export credit insurance; and improving existing trade-related capacity building tools. The program specifically focuses on key sectors of agriculture and related industries, including textiles; the healthcare industry, including pharmaceuticals; infrastructure and transport; and petrochemicals, building materials and technology.

This press release was issued by APO. Content is not vetted by the African Business editorial team and none of the content has been verified or validated by our editorial teams, proofreaders or fact checkers. The issuer is solely responsible for the content of this announcement.

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