Brussels, Belgium
EURATEX, a representative body of the European
textile and clothing industry, has welcomed the European Union’s (EU) revamped
industry strategy that addresses relevant issues and underlines the need to
carefully consider Europe’s industrial base.
EURATEX appreciated the 14 eco-systems and the
proposal to develop privileged partnerships and address distortions caused by
foreign subsidies in a Single Market. The confederation further appealed for
more consistency by the EU across its different policy areas and highlighted
the need to establish and implement global rules to ensure fair competition.
Dirk Vantyghem, Director General, EURATEX
commented, “We welcome the recognition that we need a strong industrial base in
Europe, but at the same time are struggling to maintain that base as our
companies face significant challenges related to over-regulation and raising
energy and supply costs. It feels like one hand offering you help, while the
other hand squeezes you tight.â€Â
He added, “Today, as part of this new EU Industry
Strategy, we have an opportunity to build a new business model, based on innovation,
quality, sustainability and fairness. We look forward to developing that new EU
Textile strategy with all stakeholders involved.â€Â
This revision comes at a time when Europe’s
industry is affected by the COVID-19 pandemic which
caused the textiles and clothing sector’s turnover to drop between 10% and 20%.
Source: EURATEX press release
Image Source: Pixabay
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