Latest news with #EURATEX
Fibre2Fashion
04-07-2025
- Business
- Fibre2Fashion
EURATEX & DM&T call on Danish Presidency of the EU for stability
EURATEX and its Danish member Dansk Mode & Textil are calling upon the Danish Presidency of the EU to bring back stability and transparency to the European agenda. These last few months we have seen major upheavals and turbulence in global markets, as well as uncertainty surrounding a number of regulatory initiatives. All this creates a climate of uncertainty for European industry and anxiety with the consumers. As a result, demand for textile and garments is low, and entrepreneurs are hesitant to make any further investment decisions. The Danish Presidency should do its utmost to restore confidence in the EU, by setting clear timelines and a regulatory pathway, which will allow our companies to make their investment and business plans for the next 5 years. EURATEX and Dansk Mode & Textil urge the Danish EU Presidency to restore stability, clarity, and predictability for the textile industry by advancing key files like Circular Economy, Customs Code reform, EPR schemes, Green Claims, Mercosur FTA, and energy reforms. The goal is to boost investment, competitiveness, and confidence amid growing uncertainty. Specifically, we encourage the Presidency to move forward on some specific dossiers: Ensure that the Circular Economy Act will support the demand for sustainable textile products and create a single market for textile waste (en-of-waste criteria); Accelerate the much needed reform of the Union Customs Code, and adopt specific measures much faster (e.g. on the de minimis threshold) and much bolder (e.g. going beyond the €2 handling fee for on line parcels); Move forward on implementing the Waste Framework Directive, allowing EPR schemes to be rolled out across the EU in a harmonised way. Clarify the future of the Green Claims initiative, which is an important initiative to avoid greenwashing in the fashion industry. Put the ratification of the Mercosur FTA back on track as quickly as possible, as European textile companies stand to gain from that agreement By contrast, carefully monitor the negotiations with India, to ensure a comprehensive and balanced agreement can be reached (as against a quick and partial deal). Quickly move forward with the Energy Union, which should result in much needed lower energy prices for our European manufacturers. Ensure a more efficient and coherent regulatory chemicals framework through a REACH revision, which increases transparency and predictability, and retains companies from relocating outside of the EU. Thomas Klausen from DM&T commented as follows: 'In these uncertain times we need the EU as a stabilising factor, and this also goes for the Danish fashion and textile industry. It is crucial that EU creates a level playing field and ensures the predictability, the industry needs to make the necessary investments. We hope that the Danish Presidency will be a key driver in ensuring this.' Dirk Vantyghem from EURATEX added: 'Our textile companies face too many uncertainties. While the EU cannot solve them alone, we expect from the Danish Presidency to show some leadership and move forward on these many urgent topics. We have no time to loose if we want to safeguard the competitiveness of our industry.' The Danish textile and clothing industry contributes 87 billion Danish kroner annually to Denmark's total GDP and helps create 96,000 jobs in Denmark. The industry accounts for six per cent of total Danish goods exports and thus plays a central role in Danish the economy as a whole. The European textile and clothing industry, with around 200,000 companies, employs 1.3 million workers and generates €170 bln turnover. It is an essential pillar of the local economy across many EU regions. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
Yahoo
22-04-2025
- Business
- Yahoo
EURATEX, Tunisia partner to boost textile sector competitiveness
The MoU was signed by Euratex and Tunisia's FTTH at the Monastir Technopole in Tunisia. It underlines a mutual commitment to closer industrial cooperation with a focus on sustainability, investment, and trade integration within the revised Pan-Euro-Mediterranean Convention framework. The agreement is said to be a pivotal move towards fostering a structured dialogue and concrete collaboration between the two textile sectors amid shifts in global supply chains and a rising emphasis on sustainable production practices. EURATEX president Mario Jorge Machado explained: "Europe and Tunisia share a long-standing partnership. While our systems may differ, our industries are deeply complementary. In a time of regulatory transformation and increasing environmental ambitions, working together is essential. "This MoU offers a practical framework to improve competitiveness, drive innovation, and reinforce the resilience of our shared textile ecosystem." The agreement also signals a larger intent to rejuvenate and bolster industrial collaborations throughout the Mediterranean region. Tunisia has emerged as a reliable and strategically positioned ally in the shifting geopolitical and economic landscape, according to EURATEX. By advocating for a Mediterranean model of collaboration that emphasises proximity, mutual trust, and shared economic benefits, the MoU with FTTH aligns with the broader goal of fortifying regional supply chains, reducing dependence on far-flung sourcing networks, and promoting nearshoring tactics for the European textile industry. These measures are said to be not just economically imperative but also crucial for fostering a sustainable and resilient European textile industry. The latest agreement is also said to reinforce Tunisia's vision to evolve into a circular, and competitive textile hub while promoting investment and industrial synergies with its European counterparts. The country's textile and clothing industry has over 160,000 jobs and encompasses upwards of 1,600 active companies. In 2024, the nation's exports of textiles and clothing to the EU amounted to €2.5bn ($2.8bn), underscoring its key role as a nearshoring partner. The signing ceremony was attended by the Monastir Governor, Tunisia's Minister of Industry, the EU Ambassador to Tunisia, and business representatives from both regions. In November 2024, EURATEX entered into an MoU with Association Marocaine des Industries du Textile et de l'Habillement (AMITH) to enhance cooperation and foster collective growth within the textile and clothing sectors of Europe and Morocco. "EURATEX, Tunisia partner to boost textile sector competitiveness" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
