A Convention for the Avoidance of Double Taxation was signed between Tunisia and the United States in 1985; a Bilateral Investment Treaty was signed between the two countries in 1990; and a (TIFA) was signed between the two countries in 2005. All of these agreements are relevant to U.S. companies (2002) (Frini & Muller, 2012).
There are many excellent opportunities available for potential investors, particularly in industries that would benefit from the application of American technology. Some examples of these industries include aeronautics transportation, hydrocarbons, communications technologies, healthcare, power generation and renewable energy (Frini & Muller, 2012). To a lesser degree, substantial commercial opportunities may be recognized in manufacturing businesses that are more labor intensive and offshore (directed toward export), such as agriculture, aerospace, mechanical and electrical equipment manufacture, and textiles and clothing. In recent years, multi-national corporations have been increasingly establishing call centers, with a primary focus on markets in Europe.
Tunisia has a sizable tourist industry because to the country’s favorable climate (which is influenced by the Mediterranean), its stunning beaches, and its remarkable archaeological sites (Frini & Muller, 2012). The GOT offers substantial advantages to businesses who are interested in investing in this sector. Opportunities for financial investment may be found in such areas of the tourist industry as historical and cultural tours, golf package, medical tourisms and desert excursions. A significant portion of Tunisia’s tourist infrastructure is in need of restoration, and niche travel is still undeveloped in parts of Tunisia that are not in or near the coastal towns. Opportunities may become increasingly apparent as the tourist industry continues to develop.