Africa Trade AgreementsAfrica Trade Agreements

Africa Trade Agreements

EFTA - Tunisia Free Trade Agreement (FTA)


Countries Involved:Africa Economic Institute Tunisia, Africa Economic Institute Iceland, Africa Economic Institute Liechtenstein, Africa Economic Institute Norway, Africa Economic Institute Switzerland,
Area of Cooperation:Goods, services, intellectual property and investment
Signed at: 2004
Summary:

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.



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