The law provided for the creation of three major institutions:  the High Investment Council; the Tunisian Investment Authority; and the Tunisian Investment Fund. Top 3 Trade Partners (2019): France, Italy, and Germany Top 3 Exported Goods (2019): Electrical Machinery, Apparel: Non Knit, and Oil … As a result, 2018 overall tourist bed nights increased by 22.8% compared to 2017. Its overall score has increased by 0.8 point, primarily because of an improvement in fiscal health. Data are in current U.S. dollars. In May 2018, the government adopted decree #2018-417, which listed sectors that need prior government authorization for investment, also known as “the negative list.”  In April 2019, the Tunisian Parliament passed a new bill containing 38  amendments  to address shortcomings in existing laws and regulations that impeded investment. The Tunisian Revolution in 2011 caused the economy to slow down, however the country maintained parliamentary system. The top three U.S. imports from Tunisia, also by value, were Olive oil, (2) Electric motors, generators, not sets, and (3) Electrical supplies, apparatus, less than 1000V. Tunis Afrique Presse reported that over 14,000 tonnes of agricultural produce were exported during the 2012 growing season, an increase of 17 percent over 2011. The bill aimed to bring the business climate to “international standards” and help Tunisia secure a top-50 ranking in the World Bank's Doing Business Report 2020. This represented a 27.5% increase over 2017. The tourist zone of Djerba-Zarzis saw the biggest uptick (+46%). Tourist receipts in foreign currency increased by 30.13% in 2018 compared to 2017. Unemployment remains over 15% nationally, with even higher rates among youth, women, and recent college graduates. Please check your download folder. Inflation was 6.9% in April 2019 and is expected to remain high, hovering around 7% for the remainder of the year. The number of tourists who visited the country in the first quarter of 2019 was 27% above 2018 levels. Exports: The top exports of Tunisia are Insulated Wire ($1.99B), Non-Knit Men's Suits ($881M), Crude Petroleum ($653M), Non-Knit Women's Suits ($517M), and Pure Olive Oil ($502M), exporting mostly to France ($4.82B), Italy ($2.74B), Germany ($2.1B), Spain ($686M), and Libya ($539M). Italy and Germany have also strong commercial relations. According to the statistics of CIA FactBook, Tunisia exported US$33,921 million worth of … The Ministry of Tourism expects 9 million tourists in 2019, with many hotels in Tunisia’s main tourist areas likely to be fully booked for the summer season. Main exchanged products: Exports : Olive oil, oil and lubricants, textile, electric equipment, shoes, etc. Tunisia - Telecommunications Equipment/Services Tunisia - Telecommunications This is a best prospect industry sector for this country. According to the U.S. International Trade Commission, in 2018 Tunisia was the United States’ 93. Tunisia's main … Tunisia registered a $4.47 billion current account deficit in 2018 compared to $4.1 billion the previous year. DataBank. Olive oil exports registered a major decrease (-54%). Key exports now include textiles and apparel, food products, petroleum products, chemicals, and phosphates, with about 80% of exports bound for Tunisia's main economic partner, the EU. Please check your download folder. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Tunisia’s most significant exports are textiles and leather products, electrical machinery, and crude and refined petroleum. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. According to the GOT’s Foreign Investment Promotion Agency (FIPA), overall foreign investment flows for 2018 surpassed $1 billion, primarily in the form of foreign direct investment (FDI), with about 4.3% in portfolio investment. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. In general, energy and mineral exports, mainly crude oil and phosphate, have exhibited high year-to-year variance, depending on production levels and market conditions. Online tool for visualization and analysis. Tunisia’s main import and export partner is France. The best prospects for U.S. exports and investments in Tunisia are in the information and communication technology, energy, security, agriculture, franchising, healthcare, and tourism sectors. In September 2016, to encourage good governance over investment, the Tunisian Parliament passed Investment Law (#2016-71), which went into force April 1, 2017. In 2003, Tunisia produced 280,000 tons of olive oil which was a significant increase from the previous year's production. France Is the largest exporter to Tunisia with (22.8%) market share, followed by Italy (18.7%) and Germany (7.9%) and receives (32.3%) of exports made by Tunisia who has a remarkable position in the French foreign trade. Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements.Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. The INS forecasts growth of 2.9% in 2019. This is the first time since the 2011 revolution that Tunisia surpassed 2010 tourist numbers. 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