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Clothing industry to suffer setback after accession to EU
26 May '06
1 min read
Half the companies manufacturing clothing may get wiped off after accession of Romania to the EU, informed Maria Grapini, President of the Light Industry Unions Federation (FEPAIUS).
Major cause for this move is the depreciation of Euro, alongwith expensive utilities, illegal work and illegal competition.
The FEPAIUS official said that the government will have to rein in expenses incurred upon employers and employees and search other financial avenues to support clothing industry.
Expensive electricity also affects the industry Grapini said.
Small and Medium Companies (SMEs) will suffer to a greater extent the EU accession shock and will have to put in more efforts to stand its ground after 2007, said Iuliu Winkler, delegate Minister for Commerce.
SMEs should associate themselves with either Commerce and Industry chambers or associations in their sector, as often they lack administrative decision to benefit from information, said Winkler.
Major cause for this move is the depreciation of Euro, alongwith expensive utilities, illegal work and illegal competition.
The FEPAIUS official said that the government will have to rein in expenses incurred upon employers and employees and search other financial avenues to support clothing industry.
Expensive electricity also affects the industry Grapini said.
Small and Medium Companies (SMEs) will suffer to a greater extent the EU accession shock and will have to put in more efforts to stand its ground after 2007, said Iuliu Winkler, delegate Minister for Commerce.
SMEs should associate themselves with either Commerce and Industry chambers or associations in their sector, as often they lack administrative decision to benefit from information, said Winkler.
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