Tunisia, France ink industrial co-op deal

08:14, July 13, 2010      

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Tunisia and France signed on Monday a three-year industrial cooperation agreement, official press agency TAP reported.

The agreement, signed in Tunis by Tunisian Minister of Industry Afif Chelbi and his French counterpart Christian Estrosi, offers an institutional framework for the development of institutional, technical and financial partnerships with the Tunisian industrial sector.

Following the signing of the agreement, the French minister said that Tunisia's results in the industrial sector were " remarkable and have made the country one of the most dynamic in the Mediterranean region."

Since the signing in 1995 of the free trade agreement with the European Union, commercial agreements between Tunisia and France have increased threefold, moving from 2 billion to 7 billion euros.

France is Tunisia's largest trade partner and the largest source of direct foreign investments. In 2009, a deal was signed between both countries providing for the setup of an 40 million euro Airbus plant near Tunis. The plant, which since has become operational, has started producing spare parts for Airbus planes.

Source: Xinhua


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