Posted by: Agence Tunis Afrique Presse

Minister of Industry, SMEs, Energy, Mining and Renewable Energy Slim Feriani said Thursday in Monastir “we cannot talk about a crisis in the textile-clothing industry, while the sector’s exports grew by 20% in the first seven months of 2018.

Speaking to reporters during a visit to several industrial enterprises in the governorate of Monastir, he emphasised the importance of technical textiles since the country has 250 companies active in this field, including 100 in Monastir, knowing that the textile-clothing sector has 1,600 companies across the country.

He admitted, however, that there are problems for several textile companies, given the difficult economic situation and the difficult state of public finances.

Feriani recalled that overall exports have increased by almost 24% (7 months 2018), of which 90% was made by manufacturing industries including the textile and clothing.

He said “the rate of growth can improve in Tunisia, if everyone gets down to work, especially as Tunisia has a potential allowing it to achieve a higher growth rate that can reach 5%, by 2020”.

He minister also said the investment intentions registered with the Agency for the Promotion of Industry and Innovation (APII) reached 2,400, between January and July of the current year; they could generate about 40 thousand jobs with investments of more than 2 billion dinars. These are long-term investments that show investors’ confidence in Tunisia, he noted.

Regarding the “Halk El Menzel” oilfield located in the governorate of Monastir, Feriani said a committee within the Ministry began working on this issue on September 3, 2018, indicating that it must be given the time needed to complete its work, which should not exceed a few weeks.