IDLO and Tunisia’s Ministry of Development, Investment and International Cooperation (MDICI) have signed a new cooperation agreement to strengthen the country’s capacity to negotiate and implement international investment treaties.
Signed on 8 August, 2019 in Tunis, the Memorandum of Understanding (MoU) aims to sharpen Tunisia’s competitive capabilities in attracting foreign investment through strengthened legal and institutional mechanisms as well as technical support.
The MoU also marks the launch of a new project, funded by the Kuwait Fund for Arab Economic Development, which directly supports these aims.
Tunisia has made huge strides in recent years and is upheld as a regional model. Foreign direct investment is considered critical to supporting steady economic growth and stability.
Tunisia has taken steps to advance its economy by establishing special economic zones with tax benefits to support manufacturing, new legislation governing public-private partnerships, and enacting a new Investment Law.
The new partnership between IDLO and MDICI aims to bolster these measures by working to strengthen Tunisia’s institutional and legal capacities to attract foreign direct investment through IDLO’s technical assistance and expertise in investment support.
On the occasion of the signing, His Excellency, Mr. Ziad Al-Athari, Minister of Development, Investment and International Cooperation emphasized the importance of the signed agreement as a platform for launching programs and collaborative initiatives.
Ms. Nada Riahi, Tunisia’s Program Manager for IDLO said that the partnership with Tunisia will pave the way for closer cooperation, and support one of the country’s most important priorities in promoting its on-going economic growth.
Tunisia has been a member of IDLO since 1988.
Photo ©: Ministère du Développement de l'Investissement et de la Coop.Internationale