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Tunisia Trade Talks Reopen After Revolution

The Office of Textiles and Apparel reports that US imports of Tunisian textiles have increased 11.8% since August 2010. US exports of textiles to Tunisia were $10.6 million through August, 2011, a fall of 9.4% over August 2010. A free trade agreement would boost US exports by eliminating barriers to trade.

The TIFA talks have identified several areas of interest such as tariff reduction, reducing barriers to investment in key economic areas, and strengthening protection of intellectual property rights. At the moment, there is no pending schedule for a free trade agreement. However, the US-Tunisia Council on Trade and Investment is empowered to recommend one once it has assessed the costs and benefits. A timeline for the negotiations has not been set.