Economy

The Ministry of Economy and Planning announces 50 emergency measures

The Ministry of Economy and Planning announces 50 emergency measures
Written by on100dayloans

The economic emergency measures were announced on Friday April 1, 2022 during a press conference by the Ministry of Economy and Planning, hosted by 5 ministers.

The measures announced (50) should have a short-term impact and be finalized before the end of the current year. They revolve around 4 main axes:

1st Axis: Support cash flow and access to business financing
2nd Axis: Revitalize investment
3rd Axis: Facilitate business regulation
4th Axis: Simplify procedures and promote exports

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

1. Clearance part of the State’s arrears vis-à-vis companies by prioritizing the construction sector
2. Set up an external line of credit of $50 million for the refinancing of SMEs
3. Extend by 12 months the extension of the deadline for viable tourist units
4. Create a financing line of 200 MTD to subscribe to investment funds dedicated to SMEs
5. Create a mezzanine “Recovery” line of 50MD for post-restructuring revival of SMEs
6. Create an incentive mechanism for SME financing
7. Increase by 100 MD the line of endowment to support the financial restructuring of
SME
8. Create a line of financing for innovation-Digitalization-Green and Circular Economy

2nd Axis: Revitalize investment

9. Adopt a decree-law on exceptional measures to accelerate public investment projects and relaunch private investment:
. Halve the completion time for public projects
. Accelerate the implementation of public projects and bring projects in difficulty to fruition Encourage Tunisian companies and start-ups and national preference
. Make public procurement effective and efficient
. Reviving private investment in the agricultural sector by optimizing state land for investment
. Relaunch private investment in the industrial sector through the simplification of development procedures and the granting of lots
. Relaunch investment in the renewable energy sector and strengthen cooperation in this area with the European Union, in particular Italy Relaunch private investment within the framework of PPPs

. Cross-cutting measures to boost private investment (investment mediator, regulatory impact assessment, financial benefits, etc.)
10. Adopt new sectoral competitiveness pacts and operationalize the pacts signed
11. Validate and launch the implementation of investment roadmaps in growth sectors
12. Ensure a 100 0/0 digital journey for the benefit of investors
13. Launch all the E-Gov projects already identified in the “Digital Tunisia” strategy
14. Accelerate and expand electricity generation projects from renewable energies
15. Improve services in the port of Rades to reduce container dwell times from 17 to 12 days, and the cost of passing goods through the port to 500/0
16. List available buildings and set up a Ready-to-Use Industrial Premises Construction Program
17. Regularize the situation of industrial projects concerned by the forfeiture provisions and which have not entered the actual production phase within 3 years following the date of signature of the sales contract as stipulated by Law No. 34-2009 establishing of the Agricultural Land Agency
18. Make an inventory of State assets and establish their valuation in order to benefit public and private projects
19. Promote technological innovation and research, in particular support for the development of technology parks and clusters
20. Accelerate the creation of industrial zone development projects in the interior regions

3rd Axis: Facilitate business regulation

21. Revise article 96 of the penal code
22. Study the promulgation of an exchange amnesty concomitantly with the revision of the exchange code
23. Adopt a decree-law on movable collateral (Expand existing movable collateral and create new types of collateral, Create a register relating to collateral)
24. Adopt a decree-law establishing the code for private equity investment bodies
25. Adopt a decree-law relating to support for financial inclusion (improving access to financial services, consumer protection, etc.)
26. Publish the application texts relating to “Crowdfunding”
27. Publish the implementing texts relating to the SSE law
28. Publish the implementing texts relating to the auto-entrepreneur law
29. Develop a negative list for the exercise of economic activities
30. Adopt the public property code (deal with the public domain with more transparency, manage public property with good governance)
31. Publish a presidential decree setting the conditions and procedures for leasing non-agricultural land for the benefit of investors according to article 19 of law 1102019-45 of May 29, 2019
32. Publish a presidential decree setting the conditions and procedures for the sale to the symbolic dinar for the benefit of the Industrial Land Agency according to article 20 of law n045 of May 29, 2019
33. Publish a decree-law amending law 1102016-53 of July 11, 2016 on expropriation for public utility
34. Provide the recipients of state agricultural lots with title deeds allowing them to fully dispose of their property
35. Regularize the situation of former residential groups built on private State property

4th Axis: Simplify procedures and promote exports

36. Support by the State, through the export risk guarantee fund,
500/0 of export insurance premiums to the Sub-Saharan African market
37. Create the International Land Company of Tunisia (SOFIT) and consider joint action with other public bodies providing services
38. Establish a label and a slogan “Made in Tunisia” appearing on all Tunisian products, in order to unify and enhance the label, and market the Tunisian product
39. Facilitate and expand the granting of Authorized Economic Operator (AEO) status
40. Renovate the “SOS export” service
41. Digitize 3 foreign trade procedures via the TradeNet platform managed by Tunisie TradeNet “TTN” (Technical export control certificate, Payment of customs duties, taxes and penalties by electronic transfer, Proof of origin)
42. Provide on-call sessions in all companies and structures involved in export for weekends and public holidays

Next steps

The economic stimulus measures are an essential milestone in the reform process to end the crisis and gradually restore confidence
Particular attention will be paid to the implementation of the various measures as part of regular monitoring by the government.
Action will continue with a view to considering additional solutions and mechanisms capable of improving the economic situation, following an approach of active consultation with all stakeholders, in particular the social partners and the private sector Dialogue will be intensified in the coming period within the framework of the investment conferences, the Development Plan preparation commissions and the joint government-social partner reform committees.

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