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Strengthening Ties: U.S. and Tunisia's Economic Growth and Cooperation

2024-12-10 08:46:01.349000

In an exclusive interview with Express FM Radio, U.S. Ambassador to Tunisia, Joey Hood, highlighted the significant growth in economic relations between Tunisia and the United States. By November 2024, Tunisian exports to the U.S. reached approximately $980 million, with expectations to exceed $1 billion by the end of the year. This marks a notable shift in the trade balance, which has moved from a surplus of $8 million to a range of $50-70 million in favor of Tunisia [d58bafbe].

Ambassador Hood noted that the U.S. has become the largest importer of Tunisian handicrafts, reflecting a deepening trade relationship. He emphasized that U.S. aid, which has evolved over 227 years, now focuses on supporting Tunisian entrepreneurs and combating terrorism [d58bafbe]. Notably, a Fortune 500 company has created 400 jobs in Tunisia and plans to add 700 more, showcasing the potential for investment in the region [d58bafbe].

In addition to economic cooperation, the U.S. has provided assistance that includes military equipment and projects aimed at enhancing border security. The tourism sector has also seen positive developments, with 34,000 American tourists visiting Tunisia in 2023, marking a 10% increase from the previous year [d58bafbe]. Furthermore, the U.S. continues to support the Syrian people's transition away from the Assad regime, underscoring its commitment to regional stability [d58bafbe].

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