On the sidelines of the Investment Forum in Tunisia:

ITAP and FIPA signs a cooperation Agreement

ICIEC in its capacity as the manager of the IDB Group Investment Promotion Technical Assistance Program (ITAP), signed a Memorandum of Understanding on the sidelines of the New Tunisian Investment Forum held recently in Tunis with the Tunisian Foreign Investment Promotion Agency (FIPA).

The MOU was signed on behalf of ITAP by Dr. Abdel Rahman El-Tayeb, Taha, the Chief Executive Officer of ICIEC, in his capacity as the Chairman of the Supervisory Committee of the IDB Group Investment Technical Assistance Program (ITAP), and signed on behalf of ITAP by Mr. Noureddine Zekri, the General Director of FIPA, Tunisia.

The purpose of this Memorandum is to provide a general framework to facilitate cooperation between the Parties in promoting and expanding foreign and domestic investments and trade in order to contribute to the effective economic and social development of the Member States..

Commenting on the MOU Dr Taha stated that “the signing of the MOU is part of IDB Group’s program managed by the ICIEC to build capacities of investment promotion agencies in member counties to enable them to achieve their objectives of creating an environment conducive to attracting investment and increasing inflow of foreign investments to these countries.

Dr. Taha added that, ‘Tunisia is rich in investment promotion experts and that the MOU will make their expertise accessible to similar institutions in other IDB member countries, particularly African members, in order to enhance the capacities of such institutions in all investment promotion related areas’.

Mr. Noureddine Zekri, the General Director of FIPA said that, ‘FIPA is pleased with the signing of the MOU, and that cooperation between the two institutions had taken root in recent years even before the signing of this MOU. The partnership under this document includes diverse areas of cooperation, particularly in relation to exchange of expertise and information and transfer of Tunisian experiments in the field of investment promotion in the framework of the activities conducted under the IDB Group ITAP.