The Chamber of Deputies accelerates the discussion of the investment letter project. praise and criticism

The Committee on Finance and Economic Development of the House of Representatives began the discussion of the framework bill No. 03.22 as an investment letter, in the presence of Mohsen Jazouli, Deputy Minister of the Prime Minister in charge of Investment, Convergence and Evaluation of Public Policies .

The Finance and Economic Development Commission concluded the general discussion of the bill on Tuesday and is expected to hold a meeting tomorrow Wednesday that will be dedicated to the government’s response and detailed discussion of the bill.

On the other hand, the Finance and Economic Development Commission postponed the presentation of a bill related to corporations and the promulgation of transitory provisions for the conversion of bearer shares into nominal shares until September 20, after it was presented tomorrow Wednesday. .

An informed source told Hespress: “There is a tendency to speed up the discussion of this project and set a date for amendments in the next few days.”

The interventions of the parliamentary groups agreed unanimously on the importance of this project, despite their divergent positions regarding the methodology of its discussion.

In this regard, Mohamed Ghiath, team leader of the National Association of Independents, which leads the majority in the House of Representatives, stressed that this bill, which was discussed before King Mohammed VI, is “a state law that transcends government era mandates and electoral bets, to constitute a reference base for all texts related to investment.”

Ghiath said: “Constitutional and national responsibility obliges us to work collectively, consensually and partially to discharge the directives of His Majesty the King that were contained in the last two speeches of the Day of the Throne and the revolution of the monarchy and the people, without forgetting the opening speech of the Parliament of the previous legislative year, which allowed the rapid elaboration of the investment charter and its access to the current stage”.

The same spokesman pointed out that “the bill related to investment will promote and motivate the investment roundtable, so that the desired objectives are achieved, as long as there is a strong will of all those involved in the investment process in a framework of harmony, convergence and clarity, and as long as governance and transparency in access to sources of support are also adopted and organized in an optimal way that makes our country more attractive to investors”.

The same parliamentarian called for “taking advantage of the lessons learned after working with the old charter for more than two decades, to correct the various deficiencies and gaps that were in it, and to advance with audacity and will to facilitate the appropriate environment for national investors and foreigners and the community, to take advantage of the multiple investment opportunities in the country, and of the incentives and guarantees granted by the new draft investment letter.

Ghiath added: “Decades in which the business and investment climate in the country was a rich material for rental, brokerage and illegal trade in the face of local entrepreneurs, foreign companies and community members alike must end, due to the complex and heavy red tape, and administrative narcissism, which caused resentment among investors.

The same spokesman continued: “Whatever the battle of the Moroccan state to eliminate the tools and owners of obstructive investment, it will be long and arduous, as it is a necessary and unavoidable battle after His Majesty the King called for it in the throne speech; That is why all our hopes are pinned on this project to turn our country into an investment paradise, because it deserves it and has all the conditions to achieve it”.

For his part, Abdel Rahim Shahid, leader of the Socialist Group, stressed that the draft Framework Law 03.22, considered an investment letter, “is a basic legislative text among the texts necessary to activate the new development model, in order to face the challenges that our country faces in the economic and social fields”.

Shahid said: “The importance of this project requires that we, as political actors and parliamentarians, delve into its details with some precision and carry out a deep and calm discussion of its various articles and requirements”, noting that “such a legislative strategy the texts cannot be approved quickly like other texts that the government wanted to approve at lightning speed “during the first legislative year of the current parliamentary term”, according to him.

The leader of the socialist group stressed that “the purpose of discussing the draft framework law as an investment letter does not lie in aligning with the majority or defending the opinion of the opposition, but rather in producing a high-quality legislative text, due to its effects. positive in economic and social development in the long, medium and long term.

Shahid also stressed that the socialist team “will very much want to be a proactive force to enrich the contents of the draft framework law, and will work to present the modifications it deems necessary so that the project is comprehensive and integrated.” create an investment dynamism that reflects positively on the strengthening of social cohesion and the expansion of the circle of social justice”.

On the other hand, the leader of the Socialist Party criticized the bill for not providing for the cancellation of various licenses and permits and replacing them with a book of tolerances and commitment to results, as well as for facilitating access to bank financing through the establishment of a public investment bank, reviewing the bank guarantee system and creating clear and tangible financing alternatives.

For his part, Idris Al-Santissi, head of the movement’s team, announced his support for the content of the draft framework law as an investment letter.

“We can only agree with the objectives of the investment pact, which links the labor market, reducing spatial disparities, priority sectors, exports and local production,” Al-Santisi said.

On the other hand, the spokesperson indicated that “the investment letter project did not focus on current food security”, calling for “the need to focus on the importance of investments that respond to the requirements of the internal market”.

The parliamentarian pointed out that “the Covid-19 crisis has shown everyone that production aimed at domestic demand is much more important than exports.”

In addition, Al-Santisi valued the government’s commitment to bring to light the laws and regulatory decrees that will accompany the investment letter within a period of no more than one year, but considered that the social, economic and political conditions in which we live make It is imperative that the government handle the legislative issue with great responsibility.

The spokesperson added: “We must all work in the legislative institution so as not to initiate discussions of bills and proposals without them being attached to the draft organizational decrees or even being part of them,” noting that many laws were issued in the Official Gazette years ago. without opening workshops to activate them by issuing ordinances.