Tunisia will restrict some imports to tackle trade deficit - prime minister

Fri Apr 21, 2017 8:30am GMT
 

TUNIS, April 21 (Reuters) - Tunisia will restrict some imported goods to tackle its widening trade deficit and protect foreign reserves as the local dinar currency slides to historic lows against the euro, Prime Minister Youssef Chahed said on Friday.

"The fall of the dinar reflects this enormous trade deficit but there is no need to panic. We will take some decisions.. We will limit some random imports. We have a lot of unnecessary imports," he told reporters at an event in Sfax city. He said a cabinet meeting next week would decide on the details of the restrictions. Tunisia's trade deficit expanded by 57 percent to reach $1.68 billion in the first quarter of this year because of a jump in imports. (Reporting by Tarek Amara; writing by Patrick Markey)

 
Powered by Reuters AlertNet. AlertNet provides news, images and insight from the world's disasters and conflicts and is brought to you by Reuters Foundation.