Morocco Faces New Economic Challenges with EU’s Carbon Tax on Tanger Med Port

In a worrying economic development, Morocco is facing potentially significant losses due to the European Union’s implementation of a new carbon tax on containers transiting through the Tanger Med port. According to available information, this tax could substantially impact commercial activity in one of Morocco’s most important ports.

Statistics indicate that Tanger Med port saw the transit of 8.6 million containers in 2023. With a tax of 50 euros imposed on each container, the European Union could demand at least 400 million euros annually from shipping companies, despite Morocco not being part of the European Union.

This measure raises serious concerns about the future of commercial activity at Tanger Med port, as this new tax could gradually dissuade shipping companies from using the Moroccan port, preferring instead to head directly to the nearest European port.

This development comes at a time when Morocco is seeking to strengthen its position as an important regional logistics hub, posing new challenges to the kingdom’s economic strategy. This situation may lead to a reconsideration of Moroccan trade and maritime policies to adapt to these changes in the international economic environment.

Questions remain about how the Moroccan government will deal with this new challenge, and whether it will seek to negotiate with the European Union to mitigate the effects of this tax on the Moroccan economy. This development is also expected to have implications for economic relations between Morocco and the European Union in the near future.

About محمد الفاسي