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Europe's textile industry backs strategic ASEAN FTAs

These agreements are viewed as critical tools by EURATEX for reinforcing the competitiveness, resilience and long-term sustainability of Europe’s textile and apparel industry.

As a highly globalised sector, the European textile and apparel industry exports over $**.* billion worth of goods annually, with small and medium-sized enterprises (SMEs) accounting for more than half of that value. With intensifying global competition—particularly from China—and increasing geopolitical volatility, the EU must secure more diversified and strategic trade relationships.