The Tunisia Investment Forum (TIF) will serve as a unique platform to forge new partnerships, attract investments, and showcase Tunisia’s vast investment potential in various sectors, said the Tunisian Ambassador. European Union (EU) in Tunisia, Marcus Cornaro.
Speaking on Wednesday, June 12, 2024, in Tunis, at the opening of the 21st edition of TIF 2024, the European diplomat reiterated the EU’s commitment to supporting and assisting the Tunisian government in its efforts to bring the country to a higher level. “Tunisia has immense development potential and strong relations with its neighbors,” he stressed.
This forum attracted more than 1,000 participants, with around 85 European companies registered for the event and ready to continue their cooperation with Tunisia, Cornaro said.
“The EU supports this forum within the framework of Tunisia-EU cooperation and in accordance with the commitments we made together within the framework of the memorandum of understanding signed last year,” he underlined.
“This memorandum of understanding, the first of its kind in the region, marks an important step in the five pillars of cooperation: macroeconomic stability, economy and trade, green energy transition, people-to-people contacts, as well as as migration and mobility. After nine months, this memorandum of understanding has already produced tangible results,” added Cornaro.
Remove unnecessary bureaucratic procedures
For his part, Samir Majoul, president of the Tunisian Union of Industry, Commerce and Crafts (UTICA), affirmed that if Tunisia has immense potential, a solid manufacturing base, With a skilled workforce and highly innovative companies, it is crucial to implement appropriate policies to stimulate investment and innovation. This involves removing unnecessary bureaucratic procedures and developing the regulatory framework to encourage business dynamism. Majoul also called for the integration of the growth objective into the policy of the Central Bank, which should not be limited to the control of inflation, stressing the need to introduce a modern exchange code, to promote the internationalization of the Tunisian economy and attract foreign investment.
