Euratex wants the European Commission to fight unfair competition and demands the use of structural funds into the reindustrialization process. The confederation that brings together the European textile industry also calls for the establishment of “conditions for future competitiveness and resilience” in the textile sector. In total, the textile industry aggregates around 16 thousand companies in the EU, provides more than 1.5 million jobs, and generates 162 billion euros in turnover per year.
Europe “has the strictest social and environmental standards and must protect the quality of its products” against producers who do not meet the same requirements, Euratex reinforces. An example is the masks that invade Europe and which, failing to comply these tight norms, end up being a public hazard. “It is time to act on this”, concludes the organization.
On the other hand, Euratex recalls that “Europe must support the transition to a more sustainable and digital industry through specific funds and programs. SMEs, due to their size and capacity, are unable to innovate its products and processes in the short term. In addition, the sector must reduce future risks by diversifying its supply chains and promoting proximity production. Europe can again play a key role in the development of a new trade policy”.