EU ACTION ESSENTIAL TO KEEP TEXTILE COMPANIES COMPETITIVE IN ENERGY CRISIS, SAY EXPERTS
February 22nd, 2023
THE EUROPEAN Union (EU) textile industry needs ambitious investment and a strong state aid subsidy plan to survive rising energy costs, enabling them to continue operating efficiently in global markets, European textile experts have told WTiN.
“Since last summer, the EU textiles sector has been faced with sky-high gas and energy prices and this puts further pressure on an already strained supply chain,” the European apparel and textile confederation (Euratex) senior policy officer for trade and industry Paolo Sandri noted.
“Our main trade partners (China, ...
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