OECD Investment Policy Reviews: Tunisia 2012

image of OECD Investment Policy Reviews: Tunisia 2012

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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Introduction and executive summary

The revolution of 14 January 2011 has thrust Tunisia into a new phase of its history. The country is now striving to design and implement a development model that is inclusive, fair and equitable and based on good governance, transparency, citizen participation, regional development, innovation and regional and international integration. Tunisia is beginning its transition with a number of obvious assets. It is an upper-middle-income country, with a fairly sound macroeconomic framework, a relatively well diversified economy and human development indicators that are above the regional average and close to those of OECD countries. Yet Tunisia faces some serious socioeconomic problems, most notably unemployment and regional economic and social disparities, compounded by the dysfunctional elements that characterised the former regime, such as corruption and nepotism.

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