By Chris Barth
The Facts On Investing In Tunisia
Jan. 14 2011 - 1:57 pm
Rare spreading that Tunisian president Zine El Abidine Ben Ali has left the country, after increasing unrest came to a head today. His government has been disbanded, and Prime Minister Mohammed Ghannouchi will reportedly serve as the leader of a temporary government.Prior to the government’s fall, Tunisia — the northernmost country in Africa — had been undergoing efforts to become more open to foreign investment; over the past half decade the nation had been making strides in attracting foreign investment. A look at Anima Investment Network reveals an ongoing stream of recent investment in Tunisia by a number of sizeable foreign corporations in recent months.
Currently, the country has two free trade zones – the Bizerte free trade zone and the Zfzarzis free trade zone. Additionally, Tunisia has an Association Agreement with the European Union, which includes a Free Trade Agreement. At the 2010 World Economic Forum, Tunisia was declared the most competitive economy in Africa.The CIA, in its World Factbook outlines some of the challenges facing the Tunisia as: “privatizing industry, liberalizing the investment code to increase foreign investment, improving government efficiency, reducing the trade deficit.”
It remains to be seen what the governmental change will mean for investments in Tunisia.
