|Official Name||Tunisian Republic|
|Location||Northern Africa, bordering the Mediterranean Sea, between Algeria and Libya|
|Area||total: 163,610 sq km land: 155,360 sq km water: 8,250 sq km|
|Climate||temperate in north with mild, rainy winters and hot, dry summers; desert in south|
|Terrain||mountains in north; hot, dry central plain; semiarid south merges into the Sahara|
The EFTA-Tunisia Free Trade Agreement (FTA) covers trade in industrial goods, including fish and other marine products, as well as processed agricultural products. The Agreement also contains substantive provisions on intellectual property, competition and dispute settlement and covers certain aspects of services, investment and government procurement. Moreover, the EFTA States and Tunisia concluded bilateral agreements on trade in agricultural products. The Agreement provides for unrestricted payments for current transactions and ensures that capital relating to direct investments can move freely, including the repatriation and liquidation of benefits. In addition, the Parties have agreed to grant each other’s investments full protection and security as well as fair and equitable treatment in accordance with international law.The Parties aim at achieving gradual liberalisation and the mutual opening of their markets for trade in services in accordance with the provisions of the General Agreement on Trade in Services (GATS). Moreover, the EFTA-Tunisia FTA sets the objective of reciprocal and gradual liberalisation of public procurement markets. With regard to both fields, the EFTA States and Tunisia will enter into consultations if a Party grants additional benefits to third parties.The Agreement contains the usual trade disciplines, including rules concerning anti-competitive practices.
GAFTA is supervised and run by the Arab Economic Council in the Arab League. GAFTA has a high income, population, and area and has significant resources available. The Greater Arab Free Trade Area was a project adopted in 1997, when 17 Arab League members agreed on decreasing the customs on local production and to make an Arab Free Zone for exports and imports between members.
The preferential trade exchange agreement includes the customs exemption of 2,000 items traded between the countries, which is expected to reduce smuggling. "It will push forward trade between both countries and intensify joint investments," said Tunisian Prime Minister Mohammed Ghannouchi.
Formed with the idea in mind to accelerate the process of integrating the continent to enable it to play its role in the global economy, while addressing multifacted social, economic and political problems that are compounded by negative aspects of globalization.
AMU is a pillar of the AEC. It is a Pan-Arab trade that aims for economic and political unity in North Africa.
CEN-SAD is a Regional Economic community of the Organization of African Unity. The organization looks to implementing a community that comprises of sustained socio-economic development. CEN-SAD looks to free movement of persons, capitals and interests of nationals of members. Right of establishment, ownership and exercise of economic activity. Last, free trade and movement of goods, commodities and services from members.