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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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Investment framework for green growth

Tunisia has not established a green growth strategy, but the new government has announced its determination to undertake a more sustainable form of economic development. A sustainable development strategy for 2012-16 was made subject to a public inquiry and a study on the green economy is about to be launched, which could help formulate measures to foster green investment. As Tunisia is becoming increasing more dependent on imported fossil fuels, since the 1990s, it has been a pioneer in the region in promoting energy efficiency and more recently in the realm of renewable sources of energy. Measures have been introduced gradually to facilitate the private sector’s participation in renewable energy sources and waste management. The government is also committed to reporting on the improvement of the framework for investment in support of green growth and to sharing the experience it has acquired.

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