Home / Knowledge / News / Textiles / Euratex & JTF bat for conclusion of EU-Japan FTA
Euratex & JTF bat for conclusion of EU-Japan FTA
22
Sep '16
Akikazu Shimomura, President, JTF, with Euratex President Serge Piolat
Akikazu Shimomura, President, JTF, with Euratex President Serge Piolat
A trade deal between the European Union and Japan would expand trade and investment in textile and clothing industry between the two, textile bodies from both parties have said. Both the EU and Japan are taking leading roles in developing high technology and quality of fibres and fabrics, as well as in creating high value added fashion apparel.

Both the EU and Japan are key export markets for their respective textile and clothing industry. For EU, Japan is the 7th largest textile and apparel export market reaching almost €1.9 billion, while for Japan, the EU is the 3rd biggest export market reaching almost €0.7 billion.

The European Textile and Apparel Confederation (Euratex) and the Japanese Textile Federation (JTF) maintain excellent relationship and complementarity activities. Moreover, the trade structure of textile and garments between the EU and Japan is also complementary. Hence, both trade bodies believe that a free trade agreement (FTA) would expand the trade and investment in textile and clothing and promote further business development. It would also build platforms in various types of R&D cooperation, thereby creating new innovations and business opportunities, Euratex said in a statement.

Over the last years, both associations have discussed on the way to reach an agreement that will benefit companies from both parties. They recently agreed on major issues like tariffs elimination and rules of origin. “Our Japanese colleagues believe, like we do, that the rules should be adapted to the structure of our industries and that we both are best judges of what works for our industries. I am therefore very happy that we can share this Joint Statement and I urge the negotiators both sides to take it into due consideration,” said Euratex president Serge Piolat. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

APTMA decries duties on cotton imports in Pakistan

Textiles | On 17th Jul 2018

APTMA decries duties on cotton imports in Pakistan

The All Pakistan Textile Mills Association has termed the...

Luis Quijano

Textiles | On 17th Jul 2018

US varsity student cultivates bacterial cellulose in lab

Luis Quijano, a student at the Liberty University in Lynchburg,...

SAARC Development Fund plans cross-border e-comm platform

Apparel/Garments | On 17th Jul 2018

SAARC Development Fund plans cross-border e-comm platform

SAARC Development Fund (SDF), the cross-border umbrella financing...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Urmil Arya

Sushila International, a well established textile organisation established ...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Mark Paterson
Technical Absorbents Ltd

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Prathyusha Garimella
Prathyusha Garimella

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search