Tunisia's Conect advocates for new exchange code to boost competitiveness and attract investment

Conect submitted 41 amendment proposals, aiming to create a framework suited to the contemporary economy. Ben Rejeb highlighted that the current legislation, dating back to 1976, is outdated for an economy shaped by the internet, digitalization, and artificial intelligence. He emphasized that the reform is not merely technical but a structural project that will influence exports, imports, foreign exchange reserves, the trade balance, inflation, and investments.

Conect advocates for a shift from a logic of prior prohibition to one of freedom with post-facto control, similar to risk-based approaches used by customs administrations. This would reduce constraints on compliant businesses while focusing controls on high-risk situations. Ben Rejeb also pointed out that current regulations hinder the competitiveness of Tunisian businesses in international logistics and digital transformation, where rapid financial transactions are crucial.

He noted that banks' overly cautious interpretation of existing texts can create delays and blockages. Furthermore, Conect believes the new code should better integrate the Tunisian diaspora, which numbers around 1.06 million people, by encouraging productive investments rather than just family remittances. Ben Rejeb stressed the importa