Clothing Manufacturer_Clothing Factory clothing manufacturers News Euratex sees Brexit as a ‘lose-lose’ for the clothing industry

Euratex sees Brexit as a ‘lose-lose’ for the clothing industry

Euratex believes that Brexit is a “lose-lose” for the apparel industry The European Clothing and Textile Federation (Euratex) said that trade data between the EU and th…

Euratex believes that Brexit is a “lose-lose” for the apparel industry

The European Clothing and Textile Federation (Euratex) said that trade data between the EU and the UK confirmed that Brexit would be a “lose-lose” for the clothing and textile industry.

Euratex said in a statement that the latest trade data (January-September 2021) highlighted the sharp rise in clothing and textile imports and exports between the EU and the UK. decline, both companies suffered heavy losses.

Clothing imports and exports suffered the most serious decline, with the corresponding total trade loss exceeding 3.4 billion euros (3.9 billion U.S. dollars) in the nine-month period.

The organization expects the situation to change in the coming months as a comprehensive customs regime between the UK and EU comes into effect on January 1, 2022. Oops.

Euratex has asked the EU and the UK to work together more effectively to eliminate problems in the EU-UK trade deal that could hinder the smooth flow of trade.

Euratex explained that all industries have suffered heavy losses in the past year, and clothing and textiles are no exception.

Compared with the same period in 2020, the EU’s imports (-44%, equivalent to nearly 2 billion euros) and exports (-22%, equivalent to 1.6 billion euros) ) dropped sharply.

Euratex said that data shows that the EU countries most affected in terms of exports are Italy, the Netherlands, Belgium, and Germany, and the countries most affected in terms of imports are Germany and Ireland. ,France.

Euratex added: Despite these staggering figures, the UK remains the EU’s most important export market for textiles and clothing.

Euratex warned Europe’s clothing and textile industry in October last year that although the situation emerging from the new crown crisis had improved, challenges still existed.

Since January 1, the customs has implemented comprehensive control and import and export regulations have become stricter. The product should already have a valid customs declaration and have been cleared. Exports from the UK to the EU must have a supplier declaration and change the commodity code.

UKFT investigation

In its statement, Euratex cited British Fashion A survey of 138 businesses, including leading UK fashion brands, UK textile manufacturers, wholesalers, fashion agencies, clothing manufacturers and retailers, conducted in May 2021 by UKFT.

Survey results show:

98% of British fashion and textile companies have lost their jobs due to Brexit Facing more official procedures in import and export;

92% of people have experienced increased shipping costs;

“>83% have customs clearance issues;

55% face order cancellations from wholesale customers/retailers, and Brexit is the only reason;

44% of consumers’ sole reason for rejecting or canceling a subscription is Brexit;

38% Experiencing problems when returning goods from the EU to the UK (for example, if the goods are unsold); 74% of businesses have experienced increased costs due to new tariffs.

Most of the companies surveyed said they hope to pass on the increased costs to consumers between May 2021 and May 2022.

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