Means to grow Tunisia-UK trade, investment opportunities at heart of debate | Tunisia News Gazette

Means to grow Tunisia-UK trade, investment opportunities at heart of debate

Means to grow Tunisia-UK trade and investment opportunities were discussed at a debate entitled “The Partner of Choice for the Tunisian-British Business Leaders” held Thursday in Gammarth by the Tunisian-British Chamber of Commerce (TBCC) .

This debate comes following the revised FCO travel advice for Tunisia which can help revive bilateral relations along with the Brexit. These two can become major platforms to create new opportunities between the two countries and the respective business communities and an opportunity to complement the great work and collaboration done by both governments and embassies to reach this outcome, TBCC President Mehdi Ben Abdallah said.

Discussing the situation of bilateral relations, Ben Abdallah stressed the need to strengthen business relations and develop new promising markets in several sectors such as energy, health, finance, education, tourism, agribusiness with a special focus on olive oil.

A lot needs to be done so as to bring trade and investment between both countries to the hoped-for level as the current figures are well below the existing potential between the UK and Tunisia, he pointed out, recommending to grow beyond bilateral relations and to include the European Union through a base of

British companies in Tunisia and to create a joint commission with both governments, the Tunisian Confederation of Industry, Trade and Handicrafts (UTICA) and the TBCC so as to develop the framework of the post Brexit co-operation.

A meeting will be held soon in London at the invitation of Lord Mayor of London to promote the Tunisian site and to present to UK businesses and investors the great opportunities that exist between both countries, Ben Abdallah announced.

British Minister of State for the Department of International Development and Minister of State for the Foreign and Commonwealth Office Alistair Burt said that there is tremendous potential to develop economic and commercial relationship between the United Kingdom and Tunisia.

The UK places great importance on supporting investment and growth in Tunisia and securing opportunities for British companies; we are here today to emphasise co-operation and support, he added.

He also expressed the United Kingdom’s keenness to support investment in Tunisia, announcing that the UK Export Finance has more than Pound 700 million worth of export guarantees to British companies who want to do more in Tunisia. We are looking for new opportunities and agreements that need to be forged.

Minister of Development, Investment and International Co-operation and interim Minister of Finance Fadhel Abdelkefi spoke about the need to further strengthen economic relations.

We have to raise economic relations to the level of diplomatic and friendly relationships as the British investments in Tunisia are concentrating on several businesses while we need more, he pointed out.

There is a need to push for more concessions and public-private partnerships (PPP) as hopefully by 2019 we will be presenting a new business model for the budget and we are not just targeting big projects, he added.

Source: TAP News Agency

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