20091228
allafrica

Tunis — The fifth session of the Tunisian-German joint think tank on financial and technical cooperation was recently held in Tunis.

The meeting examined the cooperation relations between Tunisia and Germany and looked at ways to further strengthen them by including innovating value sectors in the sectors of environment technologies, renewable energies and water resources.

During the meeting, a financial and technical cooperation agreement was sealed between both countries.

Among the agreements is the signing of financial and technical cooperation projects amounting to nearly 44 million Euros.

Germany is Tunisia's third largest trading partner. 40 % of Tunisian imports from Germany and 80 % of Tunisian exports to Germany come from companies with German holdings in Tunisia.

Germany is the fourth largest foreign investor in Tunisia and the main export partner among the Maghreb countries. German investments in the 265 export oriented companies operational in Tunisia, have amounted to 45 million Euros in 2008 and have enabled the creation of more than 43,000 employments.