Ilham Kadri, the former head of Solvay and the European Chemical Industry Council (Cefic), has emphasized the urgent need for European industries to defend their market position amidst growing globalization and competition. In a recent statement, she proposed adopting a 'targeted European preference' which would allow Europe to support its local industries without resorting to blanket protectionist measures. Kadri warned that such measures, if mismanaged, could lead to decreased investments and render European manufacturing vulnerable to foreign influences.

Kadri, a Franco-Moroccan leader with extensive experience in the chemical sector, highlighted the critical situation of Europe's reliance on foreign sources for rare earth elements, which are crucial for many technological applications. She believes that Europe must foster an economic environment that enhances local production capabilities while ensuring that trade remains open and competitive. This dual approach, she argues, is essential for sustaining growth and innovation in the European industrial sector.

The implications of Kadri's remarks are significant as European policymakers grapple with the challenge of supporting domestic industries while navigating complex international trade dynamics. Striking the right balance between protective measures and market openness will be crucial in determining Europe's future industrial landscape and its ability to compete globally.