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Home / Knowledge / News / Textiles / Euratex, ABIT welcome negotiations for EU-Mercosur FTA
Euratex, ABIT welcome negotiations for EU-Mercosur FTA
11
Dec '17
Courtesy: EUBrasil
Courtesy: EUBrasil
European Apparel and Textile Confederation (Euratex) and the Brazilian Textile Industry (ABIT), representing the textile and clothing industries in both EU and Brazil, have welcomed the negotiations for an important EU-Mercosur Free Trade Agreement (FTA). Both organisations hope that the EU-Mercosur Agreement will be concluded as soon as possible.
 
“The textile and clothing industry is a vivid and global sector in which we believe Europe and Mercosur countries have a key role to play. Our focus is on high quality products manufactured in a sustainable manner under high standards, be it from an environmental, labour and social point of view,” Euratex president Klaus Huneke and ABIT president Fernando Pimentel said in a joint press release.
 
“Euratex and ABIT maintain strong cooperation links since many years and we have always been supportive of the conclusion of an FTA. Over the last months, we have intensified our talks and we have jointly worked on a wide range of topics related to textile and clothing trade namely regulatory cooperation, customs procedures, technical barriers to trade, sustainability requirements etc. Tariff dismantling and rules of origin have also been very much at the centre of thorough and sometimes hard talks,” the joint release said.
 
Euratex and ABIT made efforts to build together a balanced rules of origin principles considering the structure of our industries. It was made so that the EU-Mercosur FTA benefit both parties and increase trade and investments of textile and clothing industries of both sides.
 
Calling negotiators to pay due attention to their recommendations, particularly their common views on the Product Specific Rules and Tariff Dismantling to be enshrined in the EU-Mercosur FTA, both organisations hoped for an early conclusion of the agreement. (RKS)

Fibre2Fashion News Desk – India


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