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EU textile industry calls for 'immediate' relief from market, regulatory pressures

( April 16, 2026, 11:53 GMT | Official Statement) -- MLex Summary: Europe’s textile industry needs "immediate relief" to deal with rising pressure from high energy costs, weak consumer demand, competition from Asia and online platforms as well as regulatory burdens, sector lobby group Euratex said in a statement on Thursday. For the third consecutive year, the sector recorded negative results across production, turnover and employment. Euratex said that without urgent action to lower energy costs, simplify regulations, and ensure fair competition, more companies will close and production will shift away from Europe.Statement attached....

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