EU reorganizes monthly rates on Tunisian Olive Oil

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The European Commission (EC) has adopted a regulation which reorganizes monthly rates of olive oil exempt from tariffs that Tunisia can export between February 1st and October 31st of 2015. This decision has increased exports from the African country from 5,000 to 18,000 tons in the period of time between February and March -9000 tons per month-.

This is a key decision because olive oil is the main agricultural export of Tunisia to the European Union. The olive sector is vital for the country’s economy, generating more than one million direct and indirect jobs, about half of the national agricultural employment.

It is also an initiative that demonstrates the European commitment to deepen its relationship with Tunisia after the parliamentary and presidential elections, according to the statement released by the European Commission. The measure also affirms the decision of the EU to support politically and economically the new Tunisian authorities to take the necessary steps to consolidate the democratic gains achieved and addressing socio-economic challenges facing the country’s reforms.

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