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Tunisia - Competitiveness Support Programme I (PAC I) - Completion Report

26-sep-2008

Since the end of the 1980s, Tunisia has been implementing an economic reform process that has allowed it to achieve sustained economic growth, restore its internal and external balances, and pursue the opening of its economy. Despite these encouraging results, Tunisia faced two major challenge: (i) achieving higher levels of economic growth that could reduce unemployment, which remained high at about 15% of the working population; (ii) creating conditions that would foster Tunisia’s entry into the Euro-Mediterranean Free Trade Zone, following the signing of the Association Agreement with the European Union (AAEU) in March 1998.

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