More information is available about the CDC at www.cdc.tn  . With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Most U.S. firms involved in the Tunisian market do not identify corruption as a primary obstacle to foreign direct investment. The circular also established policies on recruitment, appointment, and remuneration, as well as dissemination of information to shareholders, depositors, market counterparts, regulators, and the general public. I WATCH Tunisia These funds cover, among other sectors, franchising and SME development. Embassy Tunis Commercial Section The Gross Domestic Product (GDP) in Tunisia was worth 38.80 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Get a chance to win a ROUNDTRIP TICKET to/from Kuala Lumpur to attend the IS World Statistics Congress 2019! Tunisia’s patent and trademark laws are designed to protect owners duly registered in Tunisia. Since court actions frequently take years — and with the government facing immediate budgetary needs — the GOT allowed privatization bids for shares in Ooredoo (a foreign telecommunications company of which 30 percent of shares were confiscated from the previous regime), Ennakl (car distribution), Carthage Cement (cement), City Cars (car distribution), and Banque de Tunisie and Zitouna Bank (banking). Inadequate infrastructure in the interior regions results in the concentration of foreign investment in the capital city of Tunis and its suburbs (58 percent), the northern coastal region (25.7 percent), and the eastern coastal region (9.7 percent). According to the Central Bank of Tunisia (CBT) annual report on banking supervision published in December 2018, Tunisia hosts 30 banks, of which 23 are onshore and seven are offshore. Tunisia is an adherent to the OECD Guidelines for Multinational Enterprises. This prevents banks from pricing their loan portfolios appropriately and incentivizes bankers to restrict the provision of credit. UGTT claims about one third of the salaried labor force as members, although more are covered under UGTT-negotiated contracts. Jewish Population 1948: 105,000 | 2019: 1,000 1. The new decree contained provisions governing the registration of trademarks under the Madrid Protocol and included improvements such as the extension of the deadline for opposition to the registration of trademarks, as well as the electronic filing of applications for trademarks registration. Global AIDS Coordinator and Global Health Diplomacy, Special Presidential Envoy for Hostage Affairs, Special Representative for Afghanistan Reconciliation, Special Representative for Syria Engagement, U.S. Security Coordinator for Israel and the Palestinian Authority, Office of Small and Disadvantaged Business Utilization, Office of the U.S. Two major terrorist attacks targeting the tourism sector occurred in 2015, killing dozens of foreign tourists at the Bardo National Museum in Tunis and a beach hotel in Sousse. The main reason for their opposition, according to Baatour, is that he supports Israel’s right to exist. Email: TunisCommercial@state.gov. The 61-year-old law professor has no prior political experience, never held office and barely ran … report indicates that business registration takes an average of 8 days and costs about USD 115 (350 Tunisian dinars): For agriculture and fisheries, business registration information can be found at: In the tourism industry, companies must register with the National Office for Tourism at: http://www.tourisme.gov.tn/pour-investir/prestations-administratives.html. Investments with high job-creation potential may benefit from the purchase of state-owned land at the price of one Tunisian dinar per square meter. Kais Saied (Arabic: قَيس سعيّد ‎; born 22 February 1958) is a Tunisian politician, jurist and former lecturer serving as the President of Tunisia since October 2019. These advantages are determined on a case-by-case basis. The report is available here: https://www.wto.org/english/tratop_e/tpr_e/tp441_e.htm. Tunisia is a member of the Open Government Partnership, a multilateral initiative that aims to secure concrete commitments from governments to promote transparency, empower citizens, fight corruption, and harness new technologies to strengthen governance: http://www.opengovpartnership.org/country/tunisia  . OPIC provides political risk insurance and financing to U.S. companies. Kais Saied has been sworn in as Tunisia ‘s new president.. Openness To, and Restrictions Upon, Foreign Investment, 2. The GOT is currently preparing a new decree to create an IPR Council in charge of drafting a national IPR strategy. Arab Spring. In the World Bank’s. Since 1989, the public sector has been subject to a government procurement law that requires labor, environmental, and other impact studies for large procurement projects. Despite the law, competition on government tenders appears susceptible to corrupt behavior. Tunisia adopted law #35 in June 2018 to encourage Corporate Social Responsibility (CSR). Factories operate as bonded warehouses and have their own assigned customs personnel. The 2016 Investment Law (article 15) calls for the creation of an Investor’s Unique Point of Contact within the Ministry of Development, Investment, and International Cooperation to assist new and existing investors to launch and expand their projects. OPIC has designed a number of investment funds that include Tunisia. However, the Foreign Investment Promotion Agency (FIPA) continues to be Tunisia’s principal agency to promote foreign investment. The BIT stipulates that procedures shall allow an investor to take a dispute with a party directly to binding third-party arbitration. *Source: Tunisia’s Foreign Investment Promotion Agency (FIPA) yearend December 2018. The new law increases incentives for failed companies to undergo liquidation by limiting state collection privileges. However, Tunisia participated in the 7th world conference of the EITI in Lima, Peru, in 2016. Firms listed on the stock exchange must publish semiannual corporate reports audited by a certified public accountant. In addition, Tunisia is a signatory to the World Bank’s Multilateral Investment Guarantee Agency (MIGA), which offers private sector political risk insurance. A large portion of privately held land, especially agriculture land, has no clear title, and the government is investing a great deal of effort to encourage people to clear and register their properties. Post-2011 government efforts to combat corruption include:  the seizure and privatization of assets belonging to Ben Ali’s family members; assurances that price controls on food products, gasoline, etc., are respected; enhancement of commercial competition in the domestic market; establishment of a division within the Prime Minister’s Office dedicated to combatting corruption; arrests of corrupt businessmen and officials; and harmonization of Tunisian corruption laws with those of the European Union. Tunisia and the EU are negotiating a full-fledged free-trade agreement, but it has not yet been concluded. It is a state-owned investment entity responsible for independently managing a portion of the state’s financial assets. The United States has provided more than USD 500 million in economic growth-related assistance since 2011, in addition to loan guarantees in 2012, 2014, and 2016 that enabled the GOT to borrow nearly USD 1.5 billion. Non-resident financial service providers must present initial minimum capital (fully paid up at subscription) of 25 million Tunisian dinars (USD 9.4 million) for a bank, 10 million dinars (USD 3.7 million) for a non-bank financial institution, 7.5 million dinars (USD 2.8 million) for an investment company, and 250,000 dinars (USD 94,450) for a portfolio management company. Tunisia also is party to the Madrid Protocol for the International Registration of Marks. SOE boards of directors include representatives from various ministries and public stakeholders. Central Bank regulations impose administrative burdens on companies seeking to pay for temporary expatriate technical assistance from local revenue. “Offshore” investment is defined as commercial entities in which foreign capital accounts for at least 66 percent of equity, and at least 70 percent of the production is destined for the export market. The Government of Tunisia (GOT) has also encouraged entrepreneurship through the passage of the Start-Up Act. Prior to registration business must first initiate an online declaration of intent, to which APII provides a notification of receipt within 24 hours. A meeting of the Bilateral Trade and Investment Council in April 2017 helped promote engagement and cooperative reform efforts. Contacts at agencies responsible for combating corruption: Chawki Tabib The Tunisian Central Bank issued a circular in 2011 setting guidelines for sound and prudent business management and guaranteeing and safeguarding the interests of shareholders, creditors, depositors and staff. Etude sur le Système National D'Intégrité Tunisie 2015 Publication • 27 January 2017. On March 9, 2017, the GOT adopted decree #2017-389 on financial incentives to investment in priority sectors, economic performance areas, and regional development. Companies established in the free-trade zones are exempt from taxes and customs duties and benefit from unrestricted foreign exchange transactions, as well as limited duty-free entry into Tunisia of inputs for transformation and re-export. They offer identical services targeting Tunisia’s larger corporations. Foreign investment of up to 50 percent of a listed firm’s capital does not require authorization. Greece; Indigenous Movements; Pro-Armenian Protests (2020) Strikes; Africa. Tunisia’s banking system penetration has grown by 4 percent annually for the past five years. The primary one-stop-shop webpage for investors looking for relevant laws and regulations is hosted at the Investment and Innovation Promotion Agency (APII) website, http://www.tunisieindustrie.nat.tn/en/doc.asp?mcat=12&mrub=209  . Objectif : semer la division, défigurer l’espace public et influencer les électeurs potentiels via des campagnes clandestines menées sur les réseaux sociaux. The report is available here: http://www.oecd.org/daf/inv/investment-policy/tunisia-investmentpolicyreview-oecd.htm, initiative affirms that Tunisia has the fewest limits on foreign equity ownership in the Middle East and the North Africa (MENA) region. If customs officials suspect a copyright violation, they are permitted to inspect and seize suspected goods. Tunisia’s 2016 Investment Law enshrines the right of foreign investors to transfer abroad funds in foreign currency with minimal interference from the Central Bank. Most of Tunisia’s public finances and debt obligations are debated and voted on by the Parliament. En dépit des évènements de janvier 2011 qui ont conduit à l’émergence de la lutte contre la corruption en tant qu’objectif de la révolution et de la promulgation en 2014 d’une… Bilateral Investment Agreements and Taxation Treaties, 12. They enjoy adequate public utilities and fiber-optic connectivity. The Agency for Promotion of Industry and Innovation (APII) is the focal point for business registration generally for new businesses. Onshore banks include three Islamic banks, two microcredit and SME financing banks, and 18 commercial universal banks. Tunisia’s banking system activity is mainly within the 23 onshore banks, which accounted for 92 percent of assets, 93 percent of loans, and 97 percent of deposits in 2017. The GOT also passed the “organic budget law” to ensure greater budgetary transparency and make the public aware of government investment projects over a three-year period. Publicly listed companies adhere to national accounting norms. Tunisia became a member of the WTO in 1995 and is required to notify the WTO regarding draft technical regulations on Technical Barriers to Trade (TBT). In September 2017, the GOT established the Independent Access to Information Commission. For example, companies in Bizerte’s free-trade zone may rent space for three Euros per square meter annually — a level unchanged since 1996 — plus a low service fee. Foreign investment is classified into two categories: Pursuant to the 2016 Investment Law (article 4), a list of sectors outlining which investment categories are subject to government authorization (the “negative list”) was set by decree on May 11, 2018. In the area of patents, foreign businesses are guaranteed treatment equal to that afforded to Tunisian nationals. The Tunisian Dinar can only be traded within Tunisia, and it is illegal to move dinars out of the country. The multiannual planning translates into Annual Action Programmes. En dépit des évènements de janvier 2011 qui ont conduit à l’émergence de la lutte contre la corruption en tant qu’objectif de la révolution et de la promulgation en 2014 d’une… Depending on the job category, increases were from 135 to 180 dinars per month and implemented in several increments. Host Country Gross Domestic Product (GDP) ($M USD), U.S. FDI in partner country ($M USD, stock positions), https://www.bea.gov/international/direct-investment-and-multinational-enterprises-comprehensive-data, Host country’s FDI in the United States ($M USD, stock positions). For the 48-hour regime, the minimum wage is 378.56 dinars per month. Long-term renewable leases, up to 25 years, are subject to a negotiable 3 percent escalation clause. The World Bank Investing Across Borders initiative affirms that Tunisia has the fewest limits on foreign equity ownership in the Middle East and the North Africa (MENA) region. This applies to principal as well as dividends or interest capital. Public companies and institutions are prohibited by the Ministry of Communication Technologies and Digital Economy from freely transmitting and storing personal data outside of the country. Capital fully financed by imported foreign currency. 1002 Tunis For products utilizing foreign trademarks registered at INNORPI, the Customs Code empowers customs agents to enforce intellectual property rights (IPR) throughout the country. Coordinator for the Arctic Region, Under Secretary for Arms Control and International Security, Bureau of Arms Control, Verification and Compliance, Bureau of International Security and Nonproliferation, Under Secretary for Civilian Security, Democracy, and Human Rights, Bureau of Conflict and Stabilization Operations, Bureau of Democracy, Human Rights, and Labor, Bureau of International Narcotics and Law Enforcement Affairs, Bureau of Population, Refugees, and Migration, Office of International Religious Freedom, Office of the Special Envoy To Monitor and Combat Anti-Semitism, Office of the U.S. Special Coordinator for Tibetan Issues, Office to Monitor and Combat Trafficking in Persons, Under Secretary for Economic Growth, Energy, and the Environment, Bureau of Oceans and International Environmental and Scientific Affairs, Office of the Science and Technology Adviser, Bureau of the Comptroller and Global Financial Services, Bureau of Information Resource Management, Office of Management Strategy and Solutions, Bureau of International Organization Affairs, Bureau of South and Central Asian Affairs, Under Secretary for Public Diplomacy and Public Affairs, U.S. During the first year of operations, companies within the zone must export 100 percent of their production. In the World Bank’s Doing Business 2019 survey, Tunisia’s ranking improved in terms of ease of access to credit from 105 in 2018 to 99 in 2019. Foreign Direct Investment and Foreign Portfolio Investment Statistics. Private equity remains a niche element in the Tunisian financial system. *Source: Tunisia’s Foreign Investment Promotion Agency (FIPA) yearend December 2017. In January 2019, the Tunisian Parliament passed the Organic Budget Law, which is a foundational law defining the parameters for the government’s annual budgeting process. Benoit Delmas, “Tunisie : Abir Moussi dans les pas du maréchal Sissi”, Le Point, 11 September 2019. Investment projects of less than 15 million dinars are managed by the Foreign Investment Promotion Agency (FIPA). The EU's imports from Tunisia are mostly made up of machinery and transport equipment (€3,8 billion, 41,3%), textiles and clothing (€2,2 billion, 23,7%) and agricultural products (€0,5 billion, 6,1%). Although freedom of expression was … The World Bank Doing Business 2019 report ranks Tunisia 63rd in terms of ease of starting a business. In 2018, the sectors that attracted the most FDI were energy (33 percent), services (22.8 percent), the electrical and electronic industry (18 percent), the mechanical industry (6.6 percent), and agro-food products (4.7 percent). Firms experience difficulty raising sufficient capital, sourcing their transactions, and selling their stakes in successful investments once they mature. More than 3,350 foreign companies currently operate in Tunisia, and the government has historically encouraged export-oriented FDI in key sectors such as call centers, electronics, aerospace and aeronautics, automotive parts, textile and apparel, leather and shoes, and agro-food and other light manufacturing. Another wage increase agreement for the civil service was reached between the GOT and UGTT on February 7, 2019. Currently, four national labor confederations operate in Tunisia. AirAsia Free-Flights Competition. report, registering a property in Tunisia is done in four steps, takes 39 days, and costs around 6.1 percent of the total property cost. According to the World Bank, this level is higher than the MENA region average 56.7 percent. 2019 Investment Climate Statements: Tunisia, An official website of the United States government, http://www.transparency.org/research/cpi/overview, https://www.globalinnovationindex.org/analysis-indicator, http://www.bea.gov/international/factsheet/, http://data.worldbank.org/indicator/NY.GNP.PCAP.CD. Tunisia experienced several deadly attacks by Islamist extremists in 2015, which led its parliament to adopt a new counterterrorism law that imperils human rights and …