EURATEX president Paccanelli urges for support to tackle energy crisis

European Apparel and Textile Confederation (EURATEX) has announced that its president Alberto Paccanelli issued an urgent appeal to the European and national authorities to support their companies facing a massive increase in the energy costs. EURATEX asks for immediate measures which can alleviate the burden of energy cost, eg by reducing VAT on the energy bills.

European Apparel and Textile Confederation (EURATEX) has announced that its president Alberto Paccanelli issued an urgent appeal to the European and national authorities to support their companies facing massive increase in the energy costs. EURATEX asks for immediate measures which can alleviate burden of energy cost, eg by reducing VAT on the energy bills.

“The cost of energy, in particular gas, has increased more than 3 times since the beginning of this year. Since the announcement of the EU’s “Fit for 55” package, we have seen CO² prices rising above €60. This inevitably has an impact on our competitiveness, especially in a global context,” Paccanelli said in a press release.

European Apparel and Textile Confederation (EURATEX) has announced that its president Alberto Paccanelli issued an urgent appeal to the European and national authorities to support their companies facing massive increase in the energy costs. EURATEX asks for immediate measures which can alleviate burden of energy cost, eg by reducing VAT on the energy bills.

“In the longer run, the EU should develop a smart strategy towards ensuring long term sustainable energy supply, at reasonable cost for the industry. If this is not considered, any attempt towards developing a new EU Industrial strategy will be meaningless, since competition with third countries will be devastating,” according to the European organisation.

European Apparel and Textile Confederation (EURATEX) has announced that its president Alberto Paccanelli issued an urgent appeal to the European and national authorities to support their companies facing massive increase in the energy costs. EURATEX asks for immediate measures which can alleviate burden of energy cost, eg by reducing VAT on the energy bills.

“The upcoming EU Textiles strategy is an excellent opportunity for the European Commission to demonstrate its vision to develop a sustainable and competitive textiles industry in Europe. Access to affordable energy supplies must be an integral part of it,” Paccanelli concluded.

Fibre2Fashion News Desk (JL)