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Exports to Sub-Saharan Africa: The State covers 50% of insurance premiums

Good news for Tunisian operators who export their goods to countries in Sub-Saharan Africa.

More specifically, the first article is as follows: "Indeed, the State will henceforth bear 50% of the insurance premiums relating to export insurance contracts within the meaning of article 101 of the insurance code and relating to export operations intended for the Sub-Saharan Africa."

This percentage is borne by the resources of the export risk guarantee fund, according to a decree-law published Friday, October 21, 2022 in the JORT.

From the date of entry into force of this Decree-Law, the Export Risk Guarantee Fund is responsible for the management of the system of State coverage of insurance premiums, for its own account of other export insurance companies, and this, under a special agreement concluded for this purpose with the Minister in charge of finance.

The decree-law remains applicable for a period of twelve (12) months from the date of its entry into force.