Sfax Chamber of Commerce to hold business mission to SIAL Canada May 14-18

Tunis: A business mission to Canada will be organised by the Sfax Chamber of Commerce and Industry in partnership with the Canadian Embassy in Tunis from May 14 to 18, on the occasion of the Canadian food innovation trade show "SIAL Canada", scheduled for May 15 to 17 in Montreal. The aim of the mission is to explore the export and partnership opportunities offered by the Canadian market with a view to establishing lasting business relations with this country. The mission programme will include B2B at stands, visits to Canadian facilities and a training seminar on the Canadian market for companies operating in the agri-food sector. SIAL Canada offers a complete range of food products and is a gateway to the American and international markets. The show brings together more than 1,000 national and international exhibitors from 44 countries and welcomes more than 21,000 trade visitors from Canada, the United States and 77 other countries. Source: Agence Tunis Afrique Presse

Bill to amend investment law submitted to Parliament, says chair of tourism committee

Tunis: A bill to amend the investment law (No. 71 for 2016) has been submitted to the Assembly of People's Representatives (ARP) by 17 MPs, head of the ARP's tourism committee, Yassine Mami, told TAP on Wednesday. This bill has been referred to the Strategic Planning, Transport, Infrastructure and Urban Development Committee for review. The MP pointed out that the draft law had been prepared in a participatory manner, based on the opinions of experts, specialists and investors. It aims to address the shortcomings of the current investment law in order to stimulate domestic and international investment and promote economic recovery. "The draft law provides for the simplification and digitalisation of administrative procedures in order to reduce the bureaucracy of the Tunisian administration and shorten the waiting time for investors to launch their projects. According to the bill document, "public services are obliged to respond to any request for administrative services within a period not exceeding three months, and in the absence of a response, silence is considered as implicit acceptance of the request". The bill also provides for a review of the incentives and privileges granted to young entrepreneurs and SMEs in order to encourage entrepreneurship and prevent the emigration of young Tunisian talents. This legislative initiative also aims to enshrine the principle of absolute freedom of investment in Tunisia by expanding the areas of direct investment and limiting the number of activities subject to authorisation. Mami recalled that the growth rate in Tunisia was limited to 0.4% in 2023, according to an initial estimate by the National Institute of Statistics, and reiterated that investment is one of the essential engines for boosting growth. Source: Agence Tunis Afrique Presse

Slightly cloudy sky Wednesday night

Tunis: The weather will be generally slightly cloudy on Wednesday night, according to the National Institute of Meteorology. Winds will blow from the north in the north, from the east in the centre and south, relatively strong and strong in the south with local sandstorms, and weak to moderate in the rest of the regions. Night-time temperatures will be between 11 and 15 degrees in the north and highlands, and between 16 and 21 degrees in the rest of the country. Source: Agence Tunis Afrique Presse