Oxford Business Group publishes 10th edition of "The Report: Tunisia 2018" | Tunisia News Gazette

Oxford Business Group publishes 10th edition of “The Report: Tunisia 2018”

Tunisia is working to gradually improve its economic indicators by implementing tough, yet necessary, structural reforms. With a relatively stable government and improved security conditions, Tunisia has been showing signs of recovery. The start of 2018 saw the government draft and enact far-reaching reforms in an attempt to quicken the restoration of macroeconomic equilibrium in the medium term,” according to the 10th edition of The Report: Tunisia, published by Oxford Business Group, presenting a complete socio-economic portrait of the country.

Oxford Business Group is an economic intelligence and consulting firm with operations in over 30 countries around the world, in the Middle East, Africa, Asia and America.

“While having a strong industrial base and remaining a key exporter to the European Union, Tunisia is lagging behind its real potential in terms of production and exports. Some industrial sectors have a significant capacity for development, with the automobile and the pharmaceutical industry regaining ground. The country is already a world leader in some segments of agriculture such as olive oil. Several logistical aspects, however, need to be improved if it is to increase the competitiveness of exports. Adopting Industry will be the key to success,” said Jaime Perez-Seoane, Regional Editor for North Africa and The Americas.

The government has been intensifying the pace of reforms to create the required environment for higher growth. With growth being constrained by delays in the implementation of structural reforms and still-low private investments, it is the recovery of phosphates and tourism, as well as higher public investment and wage increases that should contribute to increased growth figures in the years to come, the report pointed out.

As regards the tourism sector, the government has significantly improved the security situation since 2015, particularly in major tourist destinations. New markets and investors are generating meaningful gains, and both the government and private sector appear committed to the sector’s continued development, solidifying the industry’s position as an integral part of the economic future. The strong performance of the sector in 2017 and early 2018 gives the industry reason to be optimistic.

“Tunisia is emerging from the last years of change and regaining the confidence of investors and tourists. The new investment rules are an important development and send a message of encouragement to the international community,” said Oxford Business Group’s Editor-In-Chief Oliver Cornock.

“After a few years of mistrust of traditional markets like the United Kingdom, Tunisia is back among the destinations of European tourists. The country has proven to be safe and affordable, with a diverse offering ranging from thousands of historic ruins to beaches, paradise islands and fine dining. In addition to the return of customers of all time, Tunisia receives more Chinese and Russian tourists than ever thanks to its judicious efforts to facilitate the transport and access of these new visitors,” concluded Perez-Seoane.

The Report: Tunisia 2018 includes an exclusive interview with Prime Minister Youssef Chahed in which he describes his priorities and means he intends to implement to ensure Tunisia’s growth. Other interviews are also included as that with Industry and SMEs Minister Slim Feriani, CEO of the Tunis Stock Exchange Bilel Sahnoun, President of the Tunisian Confederation of Industry, Trade and Handicrafts (UTICA) Samir Majoul and African Development Bank President Akinwumi Adesina.

The Report: Tunisia 2018 includes an in-depth analyses of the tourism sector, the stakes related to the Tunisian currency, the ongoing structural reforms as well as market analyses provided by the Tunisie Valeurs.

Source: TAP News Agency

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