Page 19 - TEXtalks May-June 2021

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A new Strategy to support European

textiles industry by EURATEX

EURATEX released its Spring Report 2021, and by -17.7% in clothing, compared with 2019. The
asked European Institutions to implement a new supply chain disruptions and substantial price
Industrial Strategy which will effectively support the increases of raw materials increased the pressure
European textiles industry. Economic data showed on the T&C industries across Europe.
preoccupying trends. The trade deficit for European
textiles and clothing jumped from € -47 bln in 2019 EURATEX General Assembly highlighted the critical
role of the new EU Industrial Strategy. The inclusion
to € -62 bln in 2020, an increase of more than 30%, of textiles and clothing in the fourteen ecosystems is
almost entirely due to the import of Chinese face a step in the right direction to consolidate the
masks and related products. industrial base. European companies should
continue investing in innovation, design, and quality,
EU turnover contracted by -9.3% in textiles (which is combined with a structural move towards more
in line with the general manufacturing average) and sustainable textiles.
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Turkish textile industry to reach

$100 billion soon

The Turkish textile industry hopes to hit the ground The world’s fifth-largest supplier of textiles, Turkey
running in the post-Covid era. The textile industry expects to export roughly $12 billion worth of textiles
has good partnerships with globally recognized in 2021 and $30 billion, including finished apparel.
brands to reach $100 billion in the coming years. The sector currently employs more than one million
people. With a post-Covid recovery around the
The increase in exports results from the corner, he adds, the industry is looking forward to
reaching its full potential by taking advantage of its
ground-breaking Customs Union agreement ability to change. Global brands and especially
between Turkey and the European Union that came technical textile companies are key players. By
into effect in 1996. The Turkish textile industry is fully establishing win-win relationships, Turkey hopes to
compliant with EU standards and norms. turn the pandemic era into an era of opportunities.

May/June 2021