At the Brussels Textiles Forum, Maria Martin-Prat, Deputy Director General of DG TRADE, addressed the growing challenges facing the EU textile and apparel industry. As global trade becomes more unpredictable, European companies are grappling with several obstacles that threaten their competitiveness.
One of the major challenges is overcapacity from China, which floods global markets with low-cost goods. Additionally, rising tariffs from the United States are making it harder for European textile companies to maintain their position in one of their most important markets.
To counter these pressures, the European Commission is taking action to diversify its markets. This includes strong support for the EU-Mercosur Free Trade Agreement (FTA), as well as new trade negotiations with countries like the UAE, Malaysia, and Thailand. The EU is also working to speed up talks with India, aiming for an agreement that benefits both sides economically.
The goal is to ensure that the European textile industry remains integrated into global supply chains, while also gaining access to new markets. Despite these efforts, European companies must prepare for a more unpredictable trade environment, especially with the United States, a key trading partner for the sector.
As the industry faces mounting pressure, diversifying markets and securing favorable trade agreements will be essential for its survival and growth in the years ahead.
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