EU’s share in Tunisia’s foreign trade down to 62 % in 2018 from 75% in 2005 (OTE)

“The European Union’s share in Tunisia’s foreign trade volume has declined from 75% in the period from 1995 to 2005 to 62% in 2018,” according to a data analysis by the Tunisian Observatory of the Economy (French: OTE) on Tuesday. The Observatory explains the decline of the EU’s share in Tunisia’s foreign trade by “China’s rise in power, particularly over capital goods that has forced Tunisian companies with European capital to diversify their imported inputs, thereby reducing the share of European imports, which now accounts for 53% of imports into…

France strengthens economic ties with Tunisia

French Ambassador to Tunisia Olivier Poivre d’Arvor said on Monday that the economic relations binding Tunisia and France are a win-win close partnership, not domination or exploitation of wealth, TAP reported. “Tunisia has no lessons to learn from anyone … We must not confuse independence with isolation, or territorial sovereignty and economic patriotism with economic isolation,” said d’Arvor at a press conference on the presentation of the Tunisia-France economic partnership revival programme. 34 % of the non-energy foreign direct investments in Tunisia in 2018 were made by France, he went…