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Tunisia launches new investment law to boost economy

Xinhua, April 9, 2017 Adjust font size:

The Head of the National Unity Government in Tunisia, Youssef Chahed, announced on Saturday a new law of investment, which aims to boost the country's economy, official TV RTCI reported on Sunday.

"Investment remains a key to boost the growth, and to create jobs and wealth," Chahed said at a press conference, adding that the entry into force of this new law coincides with the beginning of a gradual recovery of the Tunisian economy with estimated growth at 2.5 percent for this year.

"We are confronted with a series of priority reforms, namely the modernization of the administration, the public economy financing system reform as well as the public enterprises and the social system reforms," said Chahde.

In general, this new regulation includes a package of provisions for the benefit of the investor, including the abolition of certain authorizations linked to economic activity, such as access to the market and the freedom to present to justice once the conciliation is uncompleted.

Encouraging the investment in Tunisia, the new law offers favors namely an investment subsidy, especially for the agricultural and fishing sector, for the employability development and for the sustainable development.

The measure primarily concerns the regional development projects, priority sectors as well as economic affiliates and infrastructure spending. Endit