EURATEX, the voice of the European textile and apparel sector, has welcomed the revised EU Market Strategy, released nowadays. The current technique proposes new steps to strengthen resilience of EU One Industry, especially in occasions of crisis. It addresses the require to comprehend dependencies in vital strategic areas and offers a toolbox to handle them.

“Europe’s sector is going by turbulent occasions as a consequence of the corona-pandemic turnover in textiles and outfits sector dropped between ten and 20 per cent. Having said that, even more substantial problems lie ahead: really serious disruptions in supply chains, soaring electricity costs and protecting tendencies are threatening the competitiveness of our sector,” EURATEX explained in a media release.

Versus that background, the revised EU Market Strategy addresses very appropriate issues, and underlines the require to imagine thoroughly about Europe’s industrial foundation. “EURATEX welcomes the initiative, which include the concentration on 14 “eco-systems” and the proposal to build privileged partnerships with trustworthy companions,” the release extra.

At the identical time, EURATEX has termed for a lot more consistency by the EU across its various policy areas. “We welcome the recognition that we require a strong industrial foundation in Europe, but at the identical time are having difficulties to retain that foundation, as our businesses encounter significant problems relevant to over-regulation and elevating electricity and supply expenses. It feels like just one hand supplying you support, while the other hand squeezes you restricted,” EURATEX director standard Dirk Vantyghem explained.

Hunting at the international viewpoint, EURATEX explained it is “not calling to close the European borders our industrial model depends on accessing international markets. But evidently, there is a require to establish international regulations to make certain reasonable competition, and make guaranteed these regulations are thoroughly carried out and managed. Also, today’s proposal to handle distortions triggered by international subsidies in the One Industry, really should be welcomed in this context.”

“European textiles and outfits sector went by turbulent occasions. Nowadays, as portion of this new EU Market Strategy, we have an opportunity to establish a new business model, centered on innovation, high quality, sustainability and fairness. We glance ahead to build that new EU Textile technique with all stakeholders concerned,” extra Vantyghem.

Fibre2Fashion News Desk (RKS)

EURATEX, the voice of the European textile and apparel sector, has welcomed the revised EU Market Strategy, released nowadays. The current technique proposes new steps to strengthen resilience of EU One Industry, especially in occasions of crisis. It addresses the require to comprehend dependencies in vital strategic areas and offers a toolbox to handle them.