Tunisia has achieved considerable economic progress in recent years despite regional challenges affecting foreign direct investment (FDI) inflows. Because FDI is so critical to the economic growth necessary to underpin economic growth and stability, Tunisia recognizes the need to attract and retain more FDI, building on the investments already made in the country. With the guidance and support of the Ministry of Development, Investment and International Cooperation (MDICI), Tunisia has engaged with IDLO to strengthen Tunisia's institutional capacity in relation to international investment agreements.
Working under a Memorandum of Understanding with Tunisia and funded by the Kuwait Fund for Arab Economic Development, IDLO is implementing a project that aims to strengthen Tunisian institutional capacity to negotiate and implement international investment agreements, particularly bilateral investment treaties. The project will support a Working Group for Investment Treaties, which consists of representatives from the MDICI and Ministries of Justice, Foreign Affairs, Finance and Commerce, as well as the judicial branch. The purpose of this Working Group is to coordinate investment agreement negotiations, review existing agreements, develop a model Tunisian bilateral investment treaty, and establish dispute settlement practices.
Photo ©: MDICI