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(London.CityRegions.com, May 26, 2013 ) London, UK -- An Independent report unveiled in April by the European Branded Clothing Alliance, or EBCA, prepared by a few Danish experts at the Copenhagen Economics and Quartz&co, says that the impact of the clothing industry on the economy calls for a new look to setting trade policies.
The purpose of the EBCA study was to highlight the benefits of Europe’s global supply chain economically.
According to the EBCA, trade policies should include all aspects of the industry, including addressing the way clothing companies operate in the global supply. Rapid removal of tariffs on textile and apparel will be the first great start to change, but Rules of Origin should be flexible to include free trade agreements.
More than 60 name-brand clothing are members of the European Commission, including H&M, Gap, Nike and Levi Strauss, are worried that perfectionism in the clothing industry hinders the economic growth that could come from consumers buying apparel. Unfortunately, the idea of perfection limits employment and restricts benefits to European customers.
The European Parliament and Council are currently considering new trade powers to to help it tackle unfair competition in imports. The timing of the study indicates that there will probably be a debate on how to exactly define consumer interest and need, while at the same time balancing aggressive trade defenses and retaliation against the EU companies in response to new trade policies.
The EBCA research found that global chains, such as those in the clothing industry, are largely driven by competitiveness and economic growth to create jobs, but the researches behind the study say that Governments could help the companies by changing policies to foster the trade of intermediate goods while they adapt to consumer-demand and the global marketplace.
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Official Cash For Clothes
Benjamin Wrights
4157669098
news@postpressrelease.com
Source: EmailWire.Com
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