Home / Knowledge / News / ECCIA endorses EC's commitment to remove trade barriers
ECCIA endorses EC's commitment to remove trade barriers
06
Jul '12
At the occasion of the 1st anniversary of the EU-South Korea Free Trade Agreement on 1 July 2012, the European Cultural and Creative Industries Alliance (ECCIA) fully endorses the European Commission’s strong commitment to remove barriers to trade.

“The EU-South Korea FTA has already had its first positive impacts on our member brands, with tariffs being lowered according to the phase-out plan”, ECCIA President Armando Branchini said.

In spite of the fact that certain implementation problems still remain, ECCIA is confident that the parties will find a workable solution to these problems.

While Europe is a global leader in the development and manufacture of luxury products and services, the sector exports 60% of its output, representing  over 10% of all exports from Europe. Prospects for the growth of the sector are hence predicated on maintaining fair and free access to high- growth developing markets.

The future prospects for the sector are strong, driven by the expected increasing demand in Asia and other high-growth economies over the next decade. Medium term forecasts suggest the sector will continue to grow at between 7% and 9% per year. If this level of growth is realised, the sector will contribute between €790 and €930 billion to the European economy in 2020, and will employ between 1.8 and 2.2 million people directly.

In this light, ECCIA welcomes the European Commission’s efforts in opening new markets, most notably through its ongoing and upcoming Free Trade Agreement negotiations with key trading partners such as India, Malaysia, MERCOSUR, Singapore, Vietnam, and Japan.

ECCIA hence calls on European policy makers to support the Commission’s efforts and to strive for trade liberalisation with Free Trade Agreements and enhance visa facilitation to boost tourism in Europe

The European Cultural and Creative Industries Alliance (ECCIA) is composed of the five major European Cultural and Creative luxury industry associations:  Círculo Fortuny (Spain), Comité Colbert (France), Fondazione Altagamma (Italy), Meisterkreis (Germany), and Walpole British Luxury (UK). Its members together represent a strong network of SMEs embedded in European regions gathering approximately 300 of Europe’s leading luxury brands covering 14 different high-end product and service markets.

European Commission

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ritu Kumar
Label Ritu Kumar

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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
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