International report: The Tunisian economy is increasingly dominated by conglomerates

International report: The Tunisian economy is increasingly dominated by conglomerates
Written by on100dayloans

The Organization for Economic Co-operation and Development (OECD) declared today Friday, April 1, 2022 the launch of a report entitled “Peer Reviews of OECD Competition Law and Policy: Tunisia” at an event organized under the patronage of the President of the Government, Najla Bouden.

The peer review, conducted with the support of the European Union Delegation to Tunisia, was carried out following a request from the Tunisian government and is part of a larger project to examine the current state of the framework of the country’s competition policy and its enforcement practices, and to support competition reforms, in a country where market power in key industries is highly concentrated, says the OECD.

Despite the pro-competitive developments introduced by several changes in competition policy since the law was implemented three decades ago, the report makes a number of recommendations that could further strengthen the country’s competition regime in a economy increasingly dominated by conglomerates.

The Chairman of the OECD Competition Committee, Frédéric Jenny, said: “The OECD peer review process has once again demonstrated its value in producing strong and actionable recommendations to enable the Tunisia to stimulate competition in its economy, which has the potential to contribute significantly to growth and development for the benefit of all Tunisians. The importance of a pro-competitive policy cannot be underestimated, and we are proud to be part of efforts to ensure its implementation and success. “.

For her part, the Minister of Trade and Export Development, Fadhila Rabhi, underlined that as a nation with considerable economic potential, Tunisia is privileged to be part of such an in-depth study of one of the of economics that the OECD presented in its review of competition policy.

A diagnosis of this area such as this review offers a valuable means of going directly to the heart of an issue which concerns both the interests of the economy and of society as a whole, underlines the Minister.

The OECD peer reviews on competition law and policy are a valuable tool to help policy makers in OECD member and non-member countries assess the need to reform and strengthen their frameworks of competition. The reviews are conducted through a two-step process: first, a report is produced by the OECD Secretariat on the current state of the country’s competition framework and its enforcement practices; second, a peer review based on the report is carried out by either the OECD Competition Committee or the OECD Global Forum on Competition.

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