Index of economic freedom: Tunisia ranks 117th out of 160 countries | Tunisia News Gazette

Index of economic freedom: Tunisia ranks 117th out of 160 countries

Tunisia ranked 117th out of 160 countries in terms of index of economic freedom, according to the report “economic freedom for the year 2016” (according to 2015 indicators), developed by the Canadian Fraser Institute.

The ranking of economic freedom, presented, on Friday in Tunis, during a forum on the reality of economic freedom in Tunisia, is based on several indicators including the freedom of international trade, the ease of access to loans, the organisation of work, banking policy and the guarantee of investors’ rights.

The report unveiled the deterioration of Tunisia’s ranking in the field of economic freedom for women, where it is ranked 115th in the world. Similarly, Tunisia was ranked 97 th in the size of the state, 100th in open access to international trade, 63 th in labour regulations and 124 th in access to a healthy currency.

The document also shows a 4-point regression of productivity of the active fringe in production for the period (1991-2015) which resulted in a decrease in men’s contribution to the production cycle of 76% less 72% against a participation that does not exceed 25% for women.

Resident Representative in Tunisia of the Friedrich Naumann Foundation for Freedom, Ralf Erbel said that the organisation of this forum aims to spread the principles of freedom in the economic field, adding that the achievement of prosperity and economic growth remains dependent on openness and liberalisation of the economy.

He also stressed that economic freedom remains necessary to strengthen economic growth, noting that the role of governments globally has been steadily decreasing for the creation of a business climate conducive to the growth of the private sector.

For his part, Executive Director of the Arab Institute for Business Leaders (IACE), Majdi Hassan described as “modest” the ranking of Tunisia in the report of economic freedom, emphasising the need for remove administrative barriers for private sector activities in investment.

Minister of Development, Investment and International Cooperation, Zied Laadhari pointed out that all the legislative reforms taken by the government including the adoption of the finance law reflects the will to remove all barriers to enable the private sector to create wealth and employment.

He added that the government plans to minimise the number of administrative authorisations to remove all barriers to investment in various sectors.

Source: TAP News Agency

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