Home / Knowledge / News / Apparel/Garments / Clothing producers to benefit from Taiwan-EU deal
Clothing producers to benefit from Taiwan-EU deal
21
Oct '10
Taiwan Textile Federation (TTF) has recently inked a Memorandum of Understanding (MoU) with the European Textile and Clothing Confederation (EURATEX). This deal is likely to aid clothing producers both from Taiwan and Europe to strengthen their competitiveness in China and in other world markets.

TTF Chairman William Wong and EURATEX Chairman Dr. Peter Pfneisl signed this MoU on behalf of their respective organizations.

European Union which now is considered to be the world's biggest trading bloc for textiles and apparel has an annual turnover of € 500 billion. EU's textile and apparel sector, employs more than two million employees in 128,000 units and each year produces apparels and textiles worth over €200 billion.

EURATEX, having its head office in Brussels, Belgium is the only organization that represents the EU's textile and apparel industry. EURATEX chief, Pfneisl who visited the Taiwan Innovative Textile Application Show (TITAS) last year, was amazed by the growth of Taiwan`s innovative textiles.

Aiming to extend assistance to domestic textile and apparel producers, TTF has been considering tie ups with its international counterparts, and pursuant to same has inked MoUs with textile organizations in Vietnam, South Korea, China, India, Bangladesh and Indonesia.

The MoU between TTF and EURATEX necessitates fortification of mutual alliance with regards to trade and investment, setting up of effective communication links and early-warning systems for trade facilitation, regulation, overcoming trade barriers, conserving the intellectual property rights and also to tackle the issues of illicit and unfair trade practices.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search