La société IMAC Audit est spécialisée dans l’expertise comptable Tunisie et la création d'entreprise en Tunisie

Open Economy

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

The Maghreb and Arab markets

Tunisia has signed a number of preferential agreements with Maghreb and Arab countries:

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  • The agreement signed with UMA aims to suppress customs barriers and to create a customs union;
  • Bilateral agreements have set up free-trade zones with Turkey, Egypt, Morocco, Jordan, Iraq and Libya;
  • The Agadir free trade agreement was signed in 2004 by Jordan, Egypt, Morocco and Tunisia.

Other markets

Tunisia is eligible for tariff reductions under the Generalized Preference System, mainly for manufactured, agricultural and handicraft products with the United States

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Canada, Japan, Switzerland and Australia. It is also eligible for preferential access to markets in several African countries in the framework of bilateral agreements.

Invest in tunisia

With the signing of the European Union-Tunisian free trade agreement in 1995 The country has stepped up the introduction of a new dynamic of competition and is laying…

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the foundations for a more liberal economy. Tunisian exports to the European Union market have undergone a remarkable evolution. It increased from 8.343 in 2003 to 15,387 in 2007 in Million TND (National Institute of Statistics) The idea is that by 2010, virtually all trade barriers, such as import duties, between Tunisia, Europe and the Southern Mediterranean will be dropped.

Liberalism

Tunisia became a full member of the General Agreement on Tariffs and Trade (GATT) in 1990 and is a founding member of the World Trade Organization.

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Tunisia’s economy is 59.3 percent free, according to Heritage 2008 assessment, which makes it the world’s 84th freest economy. Tunisia is ranked 10th out of 17 countries in the Middle East/North Africa region. The overall freedom to start, close, and operate a business is relatively well protected by Tunisia’s regulatory environment. Starting a business takes an average of 11 days, compared to the world average of 43 days.

  • Nationals and foreigners are free to invest in Tunisia’s many sectors of activity
  • All foreign investors can hold up to 100 % of capital in a project in most sectors without any formal authorisation;
  • In agriculture, foreign investors can hold up to 66% of company capital. Working of agricultural land is subject to long term concessions (40 years for public land, free for negotiation between the relevant parties for private land)
  • Shares in active Tunisian companies can be freely acquired, with no authorisation required up to 49.99 % of capital;
  • Unrestricted investment for Tunisians and foreigners in numerous business fields;
  • 96% of production are subject to international competition;
  • 87% of production prices are governed by market systems.

According to the publication 2007 Index of Economic Freedom published by the Heritage Foundation and the Wall Street Journal, Tunisia is ahead of a number of Gulf countries and members of the European Union.

Country

Rank

Honk Kong

1

Australia

3

Tunisia

69

United Arab Emirates

74

Turkey

83

Greece

94

Morocco

96

Egypt

127

Libya

155

The Heritage Foundation, 2007

Compétitivité

The last category of the 2005-2006 report on global competitiveness issued by the Davos Economic…

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Forum and Harvard University in the US ranks Tunisia 32nd out of 131 developing and emerging economies for competitiveness at the company level and business environment and 1st of all Arabic and African countries, well ahead of a number of industrialized countries.

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