Home / Knowledge / News / Apparel/Garments / IPR infringement bleeding European textile industry
IPR infringement bleeding European textile industry
23
Jul '15
A new report of the Office for Harmonization in the Internal Market (OHMI) on the economic cost of IPR infringement in the clothing, footwear and accessory sector reveals that annually the industry loses more than €26 billion ($28 billion) of revenue which leads to over 500,000 job losses, according to a statement by Euratex, the European apparel and textile confederation.

For many years now, the textile and clothing industry represented by Euratex, alerts the EU institutions and the national authorities about the disastrous consequences of counterfeiting and piracy for the European textile industry and for the whole European economy.

The OHMI report shows that the costs of IPR infringement borne by the European economy in terms of job losses, loss of profit and even, in some cases, closures of SMEs are very high. According to the report 9.7 per cent of sales are lost by the sector due to counterfeiting. The sector also suffers annual revenue loss of €26.3 billion ($28 billion) and €17 billion ($19 billion) of sales are lost in related sectors. Over 500,000 jobs have been lost while €8.1 billion ($9 billion) of government revenue have been lost in social contributions and taxes.

To overcome the challenges facing the textiles and clothing industry, Euratex has urged the EU to take concrete actions as regards the three essential aspects of the fight against counterfeiting and piracy.

The first is to combat the phenomenon within the boundaries of the EU; secondly, appropriate steps need to be taken to ensure that imported counterfeit textiles and clothing are intercepted and perpetrators are brought to justice. And the last, exporters of European products to third countries need assurances that their designs will enjoy all necessary protection on the markets of those countries as required by the WTO TRIPs agreement, the statement said. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X