| Foreign investment is an effective element in the field of economic development,as it is an effective tool for the advancement of the economy and other fields;however legal factors are seen as an essential role in attracting foreign investment.Therefore,since the independence,the Tunisian state has sought to attract foreign investment by promulgating and reforming various regulations,tax and financial incentives for foreign investors,but these efforts have not been sufficient enough to attract enough foreign capitals.On the contrary,these laws have become an obstacle to foreign investment in Tunisia.This research study is first based on the legal and institutional framework of foreign investment in Tunisia and its historical development and reforms since the independence until the latest foreign investment code.Therefore,it identifies the mechanisms of foreign investment institutions,underlining the Tunisian foreign investment defects by analyzing the legislative deficiencies,the bureaucracy of the institutions and the lack of transparency and consistency in the relative legislations.Highlighting China’s new foreign investment law and how the People’s Republic of China foreign investment regulations could help to identify loopholes in the Tunisian investment code and enhance the improvement for a better business climate through simplifying the relative regulations and set a further protection to the foreign investors.Thus,in the third phase,this paper will propose a set of legal and institutional innovative reforms to ensure fair treatment to the foreign enterprises,pointing up the need of ensuring transparency and protection for foreign investors based on the Chinese state experiences in the scoop of liberalizations of foreign investment law. |
