Tunisian British Business Forum

Crystol Energy attended the Tunisian British Business Forum event at the Foreign and Commonwealth Office (FCO) in London on 27 Sep 2017. Here are some interesting discussion points:

– Tunisia has made significant progress on the political aspect since the revolution in 2010 and has applied a number of reforms to reduce bureaucracy, improve governance and reduce corruption, aspiring to become an energy hub. The country has also adopted a new Renewables Law, wishing to attract investment in the energy industry.

– Tunisia offers a friendly business environment, with no restrictions on foreign ownership and free transfer of profits and capital. A new Investment Law and a new Competition Law have also been passed.

– Human resources remain the comparative advantage, as Tunisia has a highly qualified workforce. The country has a well educated population with 4 out of 10 people aged 18-23 studying, compared to the rest of the region where proportion stands at 1 out of 10.

– Despite the government effort to stimulate further investment in the country, investment levels dropped from 25% in 2010 to 19% of GDP in 2016, as business leaders assess the country’s current investment climate negatively.

– Currently, 2,500 companies are operating in Tunisia, with a number of success stories.

Tunisia

Tunisia has a well educated population with 4 out of 10 people aged 18-23 studying, compared to the rest of the region where proportion stands at 1 out of 10