Press Release: A Budget that leaves more funds in people’s pockets, encourages work and investments
11 October 2021
Ignores however the negative effects of the Greylisting on SMEs The Malta Chamber of SMEs...
GRTU has this week welcomed high
officials promoting investment in the agriculture sector and the Ambassador of
Tunisia to Malta Souad Gueblaoui. Agriculture is one of the main industries in
Tunisia, providing an important contribution to labour occupancy and GDP and is
one of Tunisia's main export sectors.
Tunisia not only has
immense land resources with 5 million hectares of agricultural land and 450
thousand hectares of irrigated land but they also encourage agriculture and
Government helps farmers and provides incentives directly. They impose no taxes on the
agricultural sector, including the purchasing of machinery. Annually they
realize 6 thousand agricultural projects valued at €270M a year. They also
offer investors the opportunity to invest in agriculture in partnership with a
Tunisian partner. Foreign partners are encouraged because they can hold 66% of
Their main partners are EU
countries, mainly Italian, French, Spanish and Dutch. Tunisian products are
sold all over Europe as European products but they are actually made from
Tunisian produce. Tunisian products are very good quality and due to their
climate they are ready for harvest earlier than EU products. They are also very
cheap because an agriculture worker is paid €12 for a days work. The products
are therefore very competitive even with logistics.
Many Tunisian products imported
from other EU countries if imported directly from Tunisia would cost much less.
Tunisia also has a trade agreement with the EU for exports.
Investment in agriculture and
pasta is being highly encouraged and Malta should become Tunisia's stepping
stone for Tunisian exports into Europe. At the end of June an agriculture fair
will be organized in Marsascala where Tunisian products will be available.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).