03/01/2023 – Economy
Major concern about the EU textile industries’ competitiveness
The EU textiles industry is highly concerned about the potential loss of competitiveness, caused by the EU’s inaction of the energy crisis, and Chinese and US subsidies to domestic industry.
The chart indicates the development of the Title Transfer Facility (TTF) until September 2022 since Eurostat data for Q4 2022 has not been published yet. © Euratex
It is expected that energy prices will remain high and volatile. © teerapon/stock.adobe.com
The chart indicates the development of the Title Transfer Facility (TTF) until September 2022 since Eurostat data for Q4 2022 has not been published yet. © Euratex