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EU urged to exempt auto investments from restrictions
An invitation has been extended by the European Automotive Manufacturers Association to protect their investments in Morocco and Turkey from potential restrictions within the draft law on accelerating manufacturing, which the European Union is working on. The aim is to maintain the stability of production chains and enhance the competitiveness of the European industry, especially in light of increasing challenges posed by Chinese competition and the rising costs associated with transitioning to electric vehicles. European investments in Morocco include companies such as Renault and Stellantis, which produce the Dacia Logan and Citroën, and these investments are a vital part of the EU’s reshoring strategy.
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