URGENT ACTION NEEDED TO SAVE EU TEXTILE SECTOR, SAY EXPERTS

The European Union (EU) must adopt a wholesale price cap for gas, support small-and-medium-sized enterprises (SMEs) and set a single European strategy to stop the damage caused by the energy crisis, Euratex, the European Apparel and Textile Confederation, has told WTiN. However, while the EU Council of Ministers approved on September 30 an emergency EU regulation on European Commission proposals to address high energy prices (1), it stopped short of a gas price cap - a missed opportunity, argued Euratex director general Dirk Vantyghem: “The hesitation to adopt ...


Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.