There is some judicial review of legislative acts in the supreme court. Since 1987, Tunisia has made considerable progress in its efforts to liberalize foreign trade and reduce price controls and consumer subsidies. The tax code was simplified and the banking and financial sectors were partially liberalized and restructured. A number of public companies were privatized and trade and domestic prices were decontrolled. The government has also sought to make the dinar convertible, and adopt a unified code that will simplify investment and ensure that it goes toward high priority activities.
Early indications show that Tunisia's reforms are reaping rewards.
Exports have been driven up while imports have been maintained at steady rates. The country's free zone has also received much international attention. The site at Bizerte recently received applications from 200 companies seeking to set up in the free zone. This will allow Tunisia time to introduce its industries to foreign competition. Liberalization of the agriculture sector is also a provision of the accord.