Home / Knowledge / News / Textiles / Euratex unhappy over EU's duty waiver on Pakistan textiles
Euratex unhappy over EU's duty waiver on Pakistan textiles
17
Sep '12
Regrettably and in spite of all the economic and factual arguments provided by the EU Textile and Clothing Industry against the Pakistan Waiver the European Parliament has decided this week to approve the Waiver. Commenting on the Waiver’s approval EURATEX President, Mr. Alberto Paccanelli, said “We are profoundly disappointed by the way EU policy makers have decided to use trade as a political instrument totally disregarding the economic interests of EU Textile and Clothing Industry, its companies and workers”.

Even if evidence provided by Euratex clearly shows that (a) the concessions will not benefit the populations affected by the 2010 floods, (b) the measures will boost the already strong competitive and financial capacity of Pakistani Exporters, (c) the waiver will grant Pakistan an extra leverage in the EU market in detriment of EU Industry but also of other third country competitors, the concessions were nevertheless approved.

In this context Mr. Paccanelli recalls “Textile and Clothing companies are currently facing a very challenging business environment with an economic crisis in the EU that has a very negative impact on consumption with a reduction in orders between 6%-7% compared to the same period of last year and a financial crisis that has imposed strong constraints on companies to access credit particularly in Southern European countries.

The Waiver to Pakistan will give an extra competitive bonus to one of our major competitors that is already benefiting from strong financial support from its Government”.

Even if some measures were foreseen with the intention of limiting the negative impact on EU T&C Industry- e.g. safeguard clauses – in Euratex opinion these will not be sufficient to counterbalance the negative impact of this concession for EU companies.

“As Mr. Paccanelli stresses “Decision makers are sending a very negative message to EU Textile and Clothing Industrialists- even with a crisis situation in Europe we decide to assist your competitors in Pakistan by giving them unilateral duty free access to the EU market. It is extremely difficult with such unexpected and drastic changes in the competitive environment to continue to invest and create jobs in Europe.”

EURATEX hopes that this will be a one-time decision and that in future we will not have more examples of trade being used to pursue political or other interests with the EU Industry having to endure the heavy economic and social impact of such measures.

EURATEX

Must ReadView All

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Textiles | On 23rd Jan 2017

MagnaColours develops new sustainability standard

MagnaColours, manufacturer of printing inks and ink bases, discharge...

Courtesy: ZDHC

Textiles | On 23rd Jan 2017

ZDHC adds six new contributors for sustainability

Zero Discharge of Hazardous Chemicals (ZDHC) programme has added six...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

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

Sonam & Paras Modi
SVA

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

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
January 2017

January 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