The European Automobile Manufacturers' Association (ACEA) has called on the European Union to exclude industrial investments in Morocco and Turkey from any restrictions proposed under the upcoming Industrial Accelerator Act. The ACEA argues that these investments are crucial for the competitiveness of the European automotive sector.
According to a statement from the ACEA, the association emphasizes that Morocco and Turkey are key partners for European carmakers, with deep integration in supply chains. The ACEA warns that restricting investments in these countries could harm the industry's ability to compete globally, particularly against Chinese and US rivals.
The Industrial Accelerator Act, expected to be proposed by the European Commission later this year, aims to boost the EU's industrial competitiveness and reduce dependencies on non-European countries. However, the ACEA believes that a blanket approach could inadvertently penalize strategic partnerships that benefit the EU economy.
The ACEA's call comes amid growing concerns about the impact of trade policies on the automotive industry, which is undergoing a major transition to electric vehicles. The association urges policymakers to adopt a nuanced approach that recognizes the value of existing investments in partner countries like Morocco and Turkey.
