NEW TUNISIA NEW OPPORTUNITIES

Transcription

1 Reviving Private Investment in the Deauville Partnership Countries : Investment Policies for Job Creation Cairo, 8th of May, 2012

2 2011 Overview Drop of FDI flows End of foreign companies activities and loss of employment FDI s growth in the services sector Creation and extension of more than 250 foreign companies and employment creation Downgrade of sovereign rating Increase of industrial exports Increase of social demands Multiplication of prospective visits

3 TODAY, TUNISIA ENJOYS NEW FOUND VALUES FOR A HEALTHIER BUSINESS CLIMATE

4 Democracy, a social model Appointment of an independant body to supervise the elections Election of a constitutional assembly on October 23rd, 2011 Signing of a road map binding the future constitutional assembly : 18 months at the latest Involvement and engagement of the civil society to successfully achieve the democratic transition State of law Good governance Reconciliation with the values of the international community Political and social plurality

5 Democracy, a social model Autonomy of the Banque Centrale de Tunisie Economic reforms (Investment Incentives Code) Candidacy to adhere to the OECD Declaration on International Investment Transparency in financial transactions and call for tenders Equality in the right to entrepreneurship New business opportunities Negociations for the status of EU privileged partner Creation of an anti corruption body FDI access to new sectors

6 NEW VALUES THAT CAN ONLY ENHANCE TUNISIA S ADVANTAGES

7 Confirmed economic competitiveness in 2011 Africa and South Med s most competitive country 1 st industrial exporter to EU 1 st business impact of rules on FDI 1 st in innovation capacity Global Competitiveness Index Rank Country Score 18 France 5,14 40 Tunisia 4,47 43 Italy 4,43 50 South Africa 4,34 59 Turkey 4,28 73 Morocco 4,16 94 Egypt 3,88 Source : Global Competitiveness Index , WEF

8 A transparent legal framework A favorable business climate Freedom of investment in the majority of sectors Protection of intellectual property Simple and reduced procedures to start a business thanks to a certified one stop shop Unrestricted transfer of capital profits and benefits Smooth import / export flow thanks to simplified custom procedures

9 A transparent legal framework Important investment incentives 10 years of tax exemption on profits Organisms assisting investors Fiscal incentives on exports and regional development Investments benefits in zones being encouraged in the context of regional development especially in the industry and agriculture fields Supporting of employers contributions in the regional development zones 5.5

10 New challenges Ensure human and social development Reduce regional inequalities Achieve global integration Improve regional cooperation models Develop high employability sectors Provide a reliable financing system Build confidence via transparency, social responsibility and citizen participation

11 TUNISIA AIMS TO ATTRACT A NEW GENERATION OF INVESTMENTS

12 Considered reforms Good governance measures Voting for a bill aiming at establishing good governance and preventing corruption Implementing good governance bodies among public establishments Reinforcing audit rules during public transactions Simplifying business sector procedures Enhancing «one stop shops» role Creating a good governance portal and indicators

13 Considered reforms Anti corruption measures Voting for a bill calling for the creation of an anti corruption body Creation of an anti corruption Centre of Excellence Economic and social programme of the Government for 2012 Reinforcing SMEs financing mechanisms to create employment opportunities Reinforcing technological parks and creating new ones in all Tunisian regions Developping partnership and investment mechanisms

14 Considered reforms Fiscal measures in the 2012 complementory finance law framework Consolidation of job creations thanks to advantages for tunisian unemployed recruiting companies Extension of fiscal amnisty Reform the fiscal system New Investment Incentives Code Encouraging freedom of entrepreneurship, innovation, competences qualifications and regional development Equal treatment for national and foreign investors

15 Considered reforms Adherence to the OECD Declaration on International Investment and Multinational Entreprises Benefiting from best international practices in investment promotion Adopting measures and a plan of action to promote FDIs Encouraging multinational companies positive contribution to the economic and social progress Emphasising public-private partnership Creation of an appropriate legal framework and an institutional framework dedicated to PPP Empowering financial actors to fund PPP projects

16 Considered reforms Focusing on sectors with high added value: engineering plastics, aeronautics, mecatronics, offshoring Innovation and knowledge boost growth Attract multinational companies that can help reduce graduates unemploeyment

17 Thank you for your attention