Minister of Industry, Trade and Investments, Riyad Mazur:
The "Industrial Acceleration Law" proposed by the European Commission poses a "major threat" to Morocco's export-oriented automotive industry.
"We have 5 years to prepare" and renew the sector, in order to deal with the potential consequences of this law on some jobs in the Renault and Stellantis factories.
Renault and Stellentis "will not enter into a conflict with us, but will want to maintain their production capacity as long as possible."
"We must surpass the European Union in the fields of automation, artificial intelligence and innovation.
Mazur also pointed out to lawmakers live that over the past eighteen months, "many" projects and investments destined for Morocco have been diverted towards the European Union due to this law.