The UK government is currently seeking to negotiate a free trade agreement with Tunisia, in order to boost economic ties between the two countries. This agreement would likely see the removal of tariffs and other trade barriers between the UK and Tunisia, encouraging greater trade and investment between the two nations.

The negotiations are still in their early stages, but both sides have expressed a desire to strengthen their economic relationship. In a recent visit to Tunisia, UK Foreign Secretary Dominic Raab highlighted the potential for greater trade and investment between the two countries, stating that “there is huge potential for UK businesses to invest in Tunisia, and for Tunisian businesses to export to the UK”.

Tunisia is an important trading partner for the UK, with bilateral trade between the two countries totaling around £500 million in 2019. However, there is room for growth, particularly in areas such as agriculture, technology, and renewable energy. A free trade agreement would help to facilitate this growth by reducing trade barriers and providing greater certainty for businesses looking to invest in these sectors.

From a Tunisian perspective, a free trade agreement with the UK would be seen as a major win. Tunisia is heavily reliant on trade with the EU, with around 75% of its exports going to EU countries. A free trade agreement with the UK would help to diversify Tunisia`s trading relationships, providing a valuable new market for Tunisian goods and services.

Of course, negotiations for a free trade agreement are complex, and both sides will need to make concessions in order to reach a deal. The UK will likely seek to secure greater access for its financial services, while Tunisia may look to protect certain industries such as textiles and clothing.

However, if a free trade agreement can be reached, it would be a major boon for both countries. It would create new opportunities for trade and investment, boost economic growth, and help to strengthen the broader relationship between the UK and Tunisia. It remains to be seen whether negotiations will be successful, but the potential benefits are clear.