Tunisia and South Korea signed Thursday in Tunis several agreements in multiple areas including investment and trade, ahead of the second Economic Forum between the two countries, Tunisie Numerique reports.
Najla Bouden, Tunisia’s Premier, the media notes, received a high-key South Korea delegation headed by Park Heong Joon, who doubles as Mayor of Busan Metropolitan City and Special Envoy of the South Korean President.
Both top officials oversaw the signing of several agreements namely:
Memorandum of Understanding (MoU) between Tunisia’s Export Promotion Center (CEPEX) and its South Korean counterpart (KOIMA).
Per the agreement, both sides will share trade information, share data, attend various trade fairs and conduct business trips.
MoU between Tunisia-South Korea Chamber of Commerce and KOIMA.
Under the agreement, both sides will also share trade information, share data, attend various trade fairs and conduct business trips.
A third agreement between Tunisia Foreign Investment Promotion Agency (FIPA) and Busan Economy Promotion Agency (BEPA).
Both agencies, through the deal, will share investment information between the two countries, will organize business trips and joint interest events and will ease investment procedures between the countries.
The signings took place ahead of the second Economic Forum between the two countries. Tunisia is facing an economic downturn owing to the impact of the pandemic. The country is currently in talks with the International Monetary Fund (IMF) for a $1.9-billion loan to supplement the national budget facing a deficit of $2 billion.
Source: North Africa Post