Tunisia-Monaco: Developing promising markets to strengthen bilateral co-operation | Tunisia News Gazette

Tunisia-Monaco: Developing promising markets to strengthen bilateral co-operation

Tunisia and the Monaco Principality have everything to gain from boosting their co-operation in matters of investment and partnership in the field of joint and innovative projects’ creation, said participants in the Tunisian- Monegasque Economic Forum organised Friday in Tunis at the initiative of the Tunisian Confederation of Industry, Trade and Handicrafts (UTICA) and the Monaco Economic Board (MEB), on the occasion of Monegasque Government Advisor Minister of Foreign Affairs and Co-operation Gilles Tonelli’s visit.

It consists in encouraging and promoting expertise sharing between Tunisian and Monegasque enterprises and co-operation in terms of developing SMEs operating in strategic and high added-value sectors.

Sectors such as the environment, renewables, ICTs, health services, education, leisure industry and ecological tourism are as many sectors that can encourage Monegasque and Tunisian private sectors to invest in the country,” Secretary of State for Trade Abdellatif Hamem said.

It is important for Tunisia, which is laying the down the foundations of a transparent democratic political framework, to get closer to Monegasque economic actors and convert the capital of friendship into opportunities of mutual interests and the geographic proximity into real competitive assets favoring co-production and co-distribution of goods and services, he added.

You lack in territory and we have territory, Hamem affirmed, estimating that both countries can develop promising markets with the know-how and expertise of Tunisian enterprises especially as the level of exchanges between both countries is still modest.

Our ambition is not only to increase the volume of trade exchanges but also Monegasque investments in Tunisia, he further pointed out.

Taking the floor, MEB President Michel Dotta, who is leading a delegation of Monegasque businessmen, pointed out that Monaco is Tunisia’s 11th partner and that the structure of bilateral exchanges mainly regard consumer goods, professional equipment, semi- non-metallic products and car components.

The Tunisian-Monegasque co-operation has been recording for several years a noteworthy development in all fields, he also underlined, adding that the Monegasque market is interested in sectors such as finance, insurance, energy, high-quality tourism and new technologies.

Two Tunisian-Monegasque co-operation agreements were inked on the fringes of this event.

The first protocol regards partnership between UTICA and MEB, while the second one is a friendship and exchange protocol between the National Chamber of Women Entrepreneurs(CNFCE) and the Association of Women Entrepreneurs of Monaco (AFCEM).

Source: TAP News Agency

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