i.The Bilateral Trade between India and Tunisia was USD 376 Billion in 2019-20
- Indian Exports to Tunisia during the same period were USD 245 Million
- India’s Imports from Tunisia were USD 231 Million during the same period.
Background:
A Memorandum of Understanding (MoU) for launching ITBC was signed between ‘Tunisia India Business Council’ (TABC) & ‘Indian Economic Trade Organization’ (IETO) by Dr.Asif Iqbal, President of IETO & Anis Jaziri, President of TABC which took place during the India Tunisia Economic Forum 2020 held virtually on December 22, 2020.
India Tunisia Economic Forum 2020:
The discussions during the forum were chaired by Mohit Srivastava, Director of IETO.
- It was organized by IETO with the support of Indian Africa Trade Council.
- Theme of the Dialogue – ‘India Tunisia-Promoting Equitable Growth’
- Participants – Officials from the Ministry of External Affairs, Government of India, Foreign Ministry of Tunisia, Indian Ambassador to Tunisia, Indian and Tunisian business owners and Industrialists.
Key Points:
- Both sides highlighted the importance of ‘Tunisia India Centre for Innovation in ICT’ in Tunis, Capital of Tunisia.
- They also highlighted the Steel Plant which is being established in Tunisia.
- The two sides stated that they can boost trade in areas of Agriculture, Olive Oil, Dates & Pharmaceuticals
- For the First Time in History, India and Tunisia will be sitting together in the UN Security Council in 2021.
Recent Related News:
i.On July 28, 2020, Tunisian President Kais Saied appointed Hichem Mechichi, Interior Minister as its new Prime minister.
About Tunisia:
Capital – Tunis
Currency – Tunisian Dinar (TND)
President – Kais Saied
About Indian Economic Trade Organization (IETO):
President – Asif Iqbal
Headquarters – Bengaluru, Karnataka