EURATEX DECIDES TO BACK EU-JAPAN FREE TRADE NEGOTIATIONS
December 1st, 2012
BY POORNA RODRIGO
EUROPEAN Union (EU) clothing and textile federation Euratex has decided to back the launch of free trade negotiations between the European Union (EU) and Japan, concluding an agreement would favour Europe's textile and clothing sector.
Luisa Santos, head of international trade at Euratex told just-style that the EU exported EUR1.7 billion in clothing and textiles to Japan in 2011, with clothing accounting for EUR1 billion. And with EU having "an overall positive trade balance in textile and clothing meaning we export more to Japan more ...
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