Summary of the seminar
On February 27, 2020, come discover the many business opportunities available in Tunisia and Algeria. This activity, in partnership with the Canada-Arab Business Council (CABC), the Canada-Africa Chamber of Business (CACB) and the Council for Development Canada-Algeria (CDCA), will allow you to take stock of the current situation in these two countries and learn about different aspects like their business culture, the legal and tax framework and potential business sectors. You will also have the opportunity to meet the Tunisian Ambassador, Mohamed Imed Torjemane, and Faiza Latrous, Chargée d’affaires a.i at the Embassy of Algeria in Ottawa
Algeria and Tunisia are a business destination worth considering for any Quebec company wishing to develop internationally.
International trade accounts for a significant share of GDP in both countries:
- 60.4% in the case of Algeria;
- 99.5% in the case of Tunisia.
Click here to learn more about the Algerian and Tunisian markets.
A unique opportunity to:
- Understand the business context of these markets and their evolution;
- Evaluate the potential for developing your business;
- Network with other Quebec companies considering these markets;
- Benefit from the advice of experts and companies operating in these countries;
- Update your knowledge of the different industry perspectives.
Who should participate in this seminar?
Any company looking to develop its business in Algeria and Tunisia or to learn more about these markets.
This is particularly aimed at companies in the following industries:
- Agri-food industry
- Leather and footwear
- Renewable energies
- Electricity, mechanics and electronics
- Textile and clothing
- Information technology (ICT)
Algeria, high value-added sectors and increasing inflows of foreign direct investment:
- The country’s main imports: wheat, automobiles, petroleum products, dairy products and medicines
- Investments in high value-added sectors: agro-industrial sector, renewable energies, services, digital economy and knowledge economy
- Increased foreign direct investment into the local market with a proliferation of development projects in transport and infrastructure
Business opportunities between Canada and Algeria
Canada and Algeria have a dynamic trade relationship with two-way trade valued at more than $1.5 billion in 2017.
The infrastructure and consulting engineering services, education, aerospace, information and communications technology, and agriculture sectors represent attractive business opportunities for Canada.
Since July 2017, Air Canada has operated a direct flight between Montréal and Algiers, which facilitates trade and business opportunities.
Tunisia, rising growth and investors who are regaining confidence:
- GDP growth is expected to reach 2.9% in 2019 and 3.4% in 2020
- Main imports: hydrocarbon-based products (about 13% of the total), followed by vehicles, electrical appliances and wheat
- The main sectors that attract investment are energy, electronics, tourism and mechanical manufacturing
Business opportunities between Canada and Tunisia
For Canada, Tunisia offers opportunities in the infrastructure and consulting engineering service sectors, agriculture, education, information and communications technology, and green technology.
Negotiations are underway to conclude a Foreign Investment Promotion and Protection Agreement (FIPA).