Launched in 1972, Tunisian Law No. 72 Marks a Historic Turning Point for the National Economy – Yet Remains a Subject of Debate
Tunis, 27 February 2026 – The expert and customs‑policy adviser Heykel Jalal highlighted that, despite numerous revisions and adaptations, the 1972 Tunisian Law No. 72—comprising 15 articles—still sparks discussion today.
A Pioneer Export‑Oriented Model
According to Jalal, Tunisia was among the first countries to adopt an export‑driven economic model, alongside China, Morocco, and Turkey.
“Law No. 72 encouraged the creation of companies dedicated exclusively to export, thanks to a suite of fiscal and customs incentives for both local and foreign investors,” he told Express FM on Friday, 27 February 2026.
Record Growth in 1972
The expert also recalled that in 1972 the country recorded a 17.7 % growth rate, the highest in its history and never surpassed since. He explained that this result was directly linked to the incentive policies embedded in the law, especially the support for export‑oriented investment.
Evolution of the Legal Framework
Law No. 72 was later superseded by newer texts aligned with the current Investment Code, notably Law No. 93, which broadened the scope of the export economy. However, Jalal warned that the proliferation of institutions and the complexity of administrative procedures have lengthened project‑creation timelines, limiting the system’s effectiveness despite official proclamations of investment support.
Growing Fiscal and Administrative Pressure
He stressed that the lack of genuine incentives leads to a decline in exports and reduces job‑creation opportunities, while exporters face increasing fiscal and administrative pressure.
1972 vs. 2026: Same Challenges, More Bureaucracy
Comparing 1972 with 2026, the expert notes that despite a higher number of institutions and structures, the lengthy procedures and absence of real incentive measures hinder the efficiency of the investment system, even though Tunisia’s economic potential remains strong.
Call for a Clear Economic Vision
Heykel Jalal concluded by urging the state to:
- Adopt a clear economic vision targeting a growth rate above 10 %.
- Simplify administrative procedures.
- Strengthen the investment climate.
- Reduce fiscal pressure on exporters.
These steps, he argues, are essential to revitalize the country’s growth and export dynamics.
