EU TEXTILE HEAD CALLS FOR ACTION TO COMBAT RISING ENERGY PRICES
June 30th, 2022
THE CURRENT global energy crisis and its attendant price rises have had “a dramatic impact on the profitability of many companies” in the textile and clothing sector, and a European Union (EU)-wide cap on gas prices is essential, Dirk Vantyghem, director general of the European Apparel and Textile Confederation (Euratex), has told WTiN.
“We must avoid measures taken at national level,” he said, fearing a dislocation of the EU textile market through European Union (EU) member state subsidies and prices, he said. Mr Vantyghem was speaking following ...
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