OECD Investment Policy Reviews: Tunisia 2012
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The Investment Policy Review examines Tunisia’s investment regime and how it has influenced investor decisions, as well as its shortcomings under the former political regime. It reflects on developments after the 2011 revolution which opened the way for enhanced reforms on investment, including the preparation of a new Investment Code. The new authorities also show commitments to enhance responsible business conduct and to improve the investment framework in support of a green economy. In recognition of recent efforts to enhance its investment climate, Tunisia became the 44th country to adhere to the OECD Declaration on International Investment and Multinational Enterprises. As an adherent to the Declaration, Tunisia commits to providing national treatment to foreign investors – within the limits of the legal restrictions mentioned in the Review – and to promoting responsible business conduct, in line with the OECD Guidelines on Multinational Enterprises, including through the establishment of a National Contact Point. In turn, the country benefits from similar assurances from other adherents to treat Tunisian investors fairly.
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The economic situation and the role of foreign direct investment in Tunisia
The January 2011 revolution reshaped the political, economic and social landscape of Tunisia. The transitional period has been marked by major political advances, but also economic difficulties and a tense social climate. Despite higher levels of unemployment and deficits, there are a few signs of recovery. After a decline in foreign direct investment of almost 26% in 2011, the Foreign Investment Promotion Agency has observed a 19% increase during the first four months of 2012. Tunisia’s potential for attracting investment is today linked to the improved business climate and renewed confidence of investors. Foreign investment accounts for the lion’s share of privatisations (almost 90% of total income from privatisation and restructuring). The new authorities have announced their intention to pursue their programme, to privatise certain enterprises confiscated after the revolution, and to consolidate public-private partnerships.
Also available in: French
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