European Union news and archive

New T-REX Project Launches to Drive Closed-Loop Sorting, and Recycling of Household Textile Waste Across the EU

A consortium of 12 major players from across the entire recycling value chain, along with research institutes, has launched an innovative European Union (EU) funded project to create a circular system for post-consumer textile waste. The T-REX Project (Textile Recycling Excellence) will work to create a harmonised EU blueprint for closed-loop...

Business

EURATEX response to the latest EU Energy Council decision: more ambition and joint European efforts are needed

On Friday 30 September, the EU Energy ministers approved a Council Regulation proposal to address high energy prices. The Regulation focusses on the electricity prices and electricity demand reduction, on a solidarity levy from the fossil fuel sector and a retail levy for SMEs. While these initiatives are driven by goodwill, they miss the point...

Business

Riskified partners with Axerve to aid in SCA compliance

Fraud management platform Riskified has revealed a new partnership with Axerve allowing for its machine learning solutions to be used by the Italian payment hub’s clients. The partnership includes Riskified’s PSD2 Optimize solution, which aims to help brands navigate the European Union’s (EU) Payment Services Directive (PSD2), a revised European...

Fashion

EU-Mercosur trade deal opens opportunity for textile and clothing companies

Brussels, 2 July 2019 - EURATEX, the European Apparel and Textile Confederation, welcomes the conclusion of negotiations for a comprehensive and ambitious Free Trade Agreement between the European Union and Mercosur (Argentina, Brazil, Paraguay and Uruguay). EURATEX has been actively engaged in the negotiation process to ensure an agreement fit...

Business

European Commission investigates Nike’s tax status in the Netherlands

The European Commission has launched an in-depth investigation into Nike’s tax arrangements in the Netherlands, looking to examine whether the country’s tax administration body, Belastingdienst, has given the sportswear giant an unfair advantage over its competitors. Between 2006 and 2015, Dutch authorities issued five tax rulings, two of which...

Business

More than 30 textile chemicals to be restricted in the EU

The European textile industry has until December 2020 to comply to a new EU regulation restricting the use of 33 chemicals which are classified as carcinogenic, mutagenic or toxic for reproduction, including benzene, formaldehyde and heavy metals. These substances are either used to confer certain properties to textiles or remain in fabrics as a...

Business |INTERVIEW Featured

Jean-François Limantour: “The EU favors Asian countries over the Maghreb”

With a resumé that includes experience as General Representative, both at the French Union of the Fashion and Apparel Industries and the European Association of the Apparel Industry, Jean-François Limantour has been an eye-witness to many geopolitical changes that have transformed the sector. During an in person interview with FashionUnited, he...

Business

Consumers less inclined to buy British goods following Brexit

London - At the moment there are no signs of a potential boycott concerning Britain or its British goods following the UK voting in favour of leaving the European Union. However, there is still plenty for British retailers to be worried about - especially those overseas - as more than a quarter of people (27 percent) from 16 countries outside of...

Fashion

Lagerfeld blames country yokels for Brexit

Fashion legend Karl Lagerfeld blamed rural Britain Saturday for pushing the country out of the European Union. "Look who voted, it was the people from deep in the countryside, the big cities didn't want it at all," the often acid-tongued Chanel creator told AFP after the Dior men's catwalk show in Paris. A photo posted by KARL LAGERFELD...

Fashion

EU postpones decision regarding import charges

The discussions regarding the future interpretation of the EU shoe import charge regulation have once again reopened, now its official term has finished. All Northern Europe parties are in agreement: the charge must be abolished. Agreement has also been reached in Southern Europe: the charge must continue. The fate of this charge is now in the...