International Trade: A Key Sector for Tunisia's Global Opening
One of the key elements of opening up to the outside world remains the trade sector, as it is the domain that consecrates the concept of exchanges between different countries, respecting the mutual interests of partners. Indeed, in a win-win approach, each party is called upon to demonstrate resilience and a competitive spirit to impose itself during potential negotiations, hence the need to provide the best possible offer, following the immutable rule of an equation that prioritizes the principle of balance between supply and demand.
Current Context and WTO Review
In this context and spirit, the World Trade Organization (WTO) is currently conducting its fourth review of Tunisia's trade policies and practices, based on an in-depth report presented by both the Tunisian government and the WTO Secretariat.
Key Findings and Observations
The first observation highlights that while some structural challenges still exist, Tunisia's trade opening has been marked by strong resilience after the slowdown caused by the Covid-19 pandemic. Thus, the recovery was not long in coming, reaching up to 100% in recent years. These signs have had a positive impact on the costs of both imports and exports, with averages higher than those prevailing in Africa, knowing that despite the diversification of the national economy, the country has opted for more targeted specialization in terms of exports, particularly concerning textiles, agri-food, services, and other agricultural and industrial products.
Economic Development and Priorities
Recall that since the launch of the presidential program and the emergence of the new Constitution in 2022, the implementation of the "Vision Tunisia 2035" has come to define the economic orientations and priorities in the commercial field towards the development of exports and the strengthening of the competitiveness of Tunisian operators. This is to say that Tunisia has real growth potential, thanks to its mineral resources, relatively diversified manufacturing industry, and tourist attractions, which must, however, be strengthened and improved.
Challenges and Opportunities for Growth
However, it remains necessary to succeed in the challenges of modern times, namely the transition to a digital economy and increased recourse to new and renewable energies, which would accelerate growth and attract more investments, both external and internal.
