Tunisian trade deficit widens 23 pct in first nine months

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Tunisian employees work at an underwear factory in Sfax, 260 km (162 miles) south of Tunis, file. REUTERS/Zoubeir Souissi

TUNIS (Reuters) – Tunisia’s trade deficit widened 23 percent year on year in the first nine months to 11.480 billion dinars, the State Statistics Institute said on Thursday.

The growing deficit is one of the main problems facing the government of Prime Minister Youssef Chahed.

It has contributed to an erosion of Tunisia’s foreign currency reserves, which sank to just 90 days of imports in July, the weakest in three decades.

The deficit with China alone reached 8.3241 billion dinars.

In an attempt to curb the deficit, Tunisia in April imposed restrictions on imports of some goods.

Reporting By Tarek Amara; editing by John Stonestreet

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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