PostHeaderIcon Business in Tunisia

Situated in the heart of the Mediterranean basin just south of Italy, with a total area of 162.155 square kilometers and a population of 10.3 Million inhabitants, Tunisia occupies a strategic position which allows the establishment of direct links with the European Union, North and West African and Middle Eastern countries. Thus, Tunis is only one-hour flight from Rome and two hours away from many cities in Europe (two and a half hours from Amsterdam) and the Mediterranean basin.

        This location, added to other historical, cultural and economic factors have largely contributed to shape the country's development. Today Tunisia's economy driving forces are based on five main factors:

- Political and social stability inciting more than 2000 foreign companies to invest and operate business in the country.

- A sustained developing infrastructure confirmed by intensive investments.

- A liberal and competitive economy agreed upon by several international financial institutions placing Tunisia at a privileged position among the most competitive African and Arabic countries.

- Openness to foreign markets confirmed by free or preferential trade agreements signed with EU and several African and Arab countries making of Tunisia a potential platform for both production and investment destined to countries in this area.

- A sustained human resources development policy based on an efficient education and training system which placed Tunisia at the top list of the African countries for this sector.

 

Tunisia at the crossroads of Europe, the Middle East and Africa

 

        By its central Mediterranean position, its growth and its preferential treaties with numerous partner countries, Tunisia offers access to numerous markets for companies that desire to develop their activities.

 

Very strong relations with Europe:

 

-        Tunisia is a privileged partner of the European Union and the relationship is a close one economically, culturally and socially. It is the first country on the southern Mediterranean shore to have signed an associative free trade treaty with the European Union in 1995. Since January 2008 this agreement allows duty free access for Tunisian manufactured products to the EU market, favorable conditions for some agro food products and duty free access for European manufactured products to the EU market.

-        Tunisia is one of the EU’s most established trading partners in the Mediterranean region. With a total value of trade with the EU of €17.0 billion in 2008, the EU represents some 72% of Tunisia's total trade. Tunisia ranked as the EU’s 36th major trade partner.

 

 

Tunisia is open to others markets and has signed a number of preferential agreements:

- Member and Founder of the World Trade Organization (WTO);

- European Free Trade Agreement (Switzerland, Norway, Iceland and Liechtenstein).

- Agadir Free Trade Agreement (Tunisia, Morocco, Egypt, Jordan)

- Arab Free-Trade Agreement within  the Arab League;

- Maghreb Preferential Trade Agreements;

- Bilateral agreements with Egypt, Jordan, Syria ,Morocco, Libya .

- Reduced tariffs granted in the context of the General System of Preference (GSP), for manufactured and agricultural and handmade products with Japan, Canada, the USA, and Australia.

- Preferential access to certain African markets (Guinea, Senegal, Burkina Faso, and Niger).

 

Last Updated (Wednesday, 17 February 2010 16:52)