Plan may affect firms that rely on low-cost Asian countries including China, Vietnam, Bangladesh. FMTNews
PARIS: Europe’s fashionwear manufacturers and importers may face stricter environmental rules under a push to clean up textiles production.
Draft EU rules will aim to require information on clothing labels about the resources used in manufacturing and set sustainability obligations for producers seeking access to the €500 billion European single market for textiles and apparel, he said. The EU announced in December an unprecedented “Green Deal” to become the first climate-neutral continent through an economic overhaul that will affect industries ranging from energy to agriculture.
The portion of the plan dealing with textiles has the potential to affect numerous apparel companies that rely on low-cost Asian countries including China, Vietnam and Bangladesh as production sites.It would be a further example of how the EU, the world’s most lucrative single market, deploys its rule-making authority to exert soft power over businesses across the globe.
“We will need to work with the companies and work with their value chains,” he said. “Companies need to change their value chains. That’s the most important.”
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