The EURATEX President went on to add that the industry was nonetheless realistic in terms of the challenges it faced. He pointed out in his own address to the Conference that compliance with high EU standards inevitably placed European manufacturers at a disadvantage as compared to their foreign competitors, even on the EU market itself.
The strong Euro and rapidly increasing energy costs coupled with a slowdown in demand in major markets would add to these difficulties in 2008. “Under such circumstances, it is crucial that events of the kind we have just held thanks to Vice-President VERHEUGEN should continue to stress the combination of values, fashion and technology which make Europe's textile and apparel unique in the world.
This recognition must go hand in hand with an overall policy framework in terms of IPR, training and commercial policy on the part of the authorities which encourages manufacturing activity and initiative” he concluded.
EURATEX represents the textile and apparel industry of the EU, of candidate countries to the EU, and its partner countries in the Mediterranean rim.
European Apparel and Textile Organisation
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