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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Tunisia's adherence to the OECD Guidelines for Multinational Enterprises

The new government, as well as enterprises and civil society, consider that strengthening business contribution in economic, social and environmental progress is a priority. While Tunisia has adhered to multilateral instruments on which the standards set out in the OECD Guidelines for Multinational Enterprises are based, their application in certain areas such as human rights, the environment or consumer protection should be improved. In terms of fighting corruption, a national body has been set up and is responsible for designing and implementing a strategy. The creation of new unions, non-governmental organisations and consultation mechanisms allows civil society to be more closely involved in the design of public policies. In order to promote the Guidelines and ensure that they are used, Tunisia will set up a National Contact Point in the Ministry of Investment and International Co-operation.

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