Latest news with #EUStrategyforSustainableandCircularTextiles
Time of India
04-05-2025
- Business
- Time of India
'Harming America's textiles sector': US claims 'unfair trade practices' by China, India and others
United States Trade Representative The United States on Saturday called out multiple countries, among them China and India, over their " unfair trade practices " which it alleged were "harming" America's textiles and apparels sector. In a social media post, the United States Trade Representative (USTR) said that China's domestic manufacturers were enjoying "unfair competitive advantages" due to non-market policies and practices by China in the textiles and apparel sector. — USTradeRep (@USTradeRep) "These policies are enabling Chinese manufacturers to charge artificially low prices for their products. US textile and apparel manufacturers have been negatively impacted with 28 plants closing in the past 22 months," USTR wrote. Further, it noted that China accounted for 21% of $79.3 billion worth of apparels imported by the United States in 2024. Chinese e-commerce firms, it stated, were responsible for over 30% of all daily de minimis shipments into America, flooding the US market with "cheap apparel products" while bypassing tariffs and evading trade enforcement mechanisms. "The influx of cheap apparel has decimated local industries, particularly in the southeast United States," USTR said. India According to USTR, American exporters were being "disadvantaged" as the Indian textile industry was benefitting from "high tariffs, opaque quality control rules, and a web of unpredictable import licensing requirements." On the other hand, the playing field was "uneven" for US manufacturers as India's export promotion schemes and production-linked incentives provided Indian manufacturers with a "competitive edge." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Scarlett Johansson, 40, Shows Off Her Real Size In A New Vacation Photos 33 Bridges Undo European Union USTR accused the European Union (EU) of imposing new "non-tariff barriers," leaving US exporters with "burdensome compliance costs." The "barriers" mentioned by USTR are: eco-design requirements under the EU Strategy for Sustainable and Circular Textiles; "steep" extended producer responsibility fees, and digital product passports with "unrealistic implementation timelines." Which other countries did USTR call out? In its social media post, the USTR also called out Bangladesh, Vietnam, Kenya, Cambodia, Turkey, and Peru. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
30-04-2025
- Business
- Yahoo
Rudholm Group: Helping Brands Navigate Compliance with Digital Product Passports
BORAS, Sweden, April 30, 2025 /PRNewswire/ -- As the fashion industry shifts towards greater transparency and regulatory compliance, Digital Product Passports (DPP) are becoming increasingly important. With new regulations for Textile DPP under the EU Strategy for Sustainable and Circular Textiles on the horizon, brands must act now to meet the upcoming requirements. "With legislation on the horizon, now is the time for textile brands to start engaging with Digital Product Passports," said Kristoffer Schroeder, CTO at Rudholm Group. "At Rudholm Group, we see DPPs not just as a compliance requirement but as a strategic advantage—offering brands a way to build trust, enhance transparency, and drive meaningful connections with consumers." DPPs provide a structured way to manage product data, ensuring compliance with evolving regulations while enhancing traceability across the supply chain. They enable brands to share detailed product histories—from raw material sourcing to end-of-life recycling—providing transparency at every stage. Beyond meeting legal obligations, DPPs offer opportunities to improve efficiency, reduce risk, and build stronger connections between brands and consumers. As consumers become more informed and demand greater accountability, DPPs provide a direct channel for brands to engage and communicate product information, further strengthening their connection with the market. Rudholm Group is at the forefront of supporting brands with the transition to Digital Product Passports through its innovative ShareLabel® platform. ShareLabel® simplifies data management, ensuring accurate, real-time tracking of product information and streamlining compliance with regulatory requirements. This technology helps brands future-proof their operations while aligning with emerging industry standards. Schroeder adds, "Digital Product Passports are about more than just meeting regulations—they represent an opportunity to innovate and lead. By offering detailed product transparency, brands can not only comply with evolving standards but also inspire their customers, demonstrating a genuine commitment to sustainability and ethical practices." By acting now, brands can stay ahead of the curve, ensuring a smooth transition when new regulations take effect. Rudholm Group continues to develop solutions that help businesses navigate the complexities of compliance while unlocking new opportunities for growth and innovation. About Rudholm Group Rudholm Group is a global manufacturer of labelling, packaging, trims, and digital solutions, with Scandinavian roots and operations across Europe, Asia, and the U.S. The company is dedicated to sustainable and innovative solutions for the apparel and footwear industry. Logo: View original content to download multimedia: SOURCE Rudholm Group
Associated Press
30-04-2025
- Business
- Associated Press
Rudholm Group: Helping Brands Navigate Compliance with Digital Product Passports
BORAS, Sweden, April 30, 2025 /PRNewswire/ -- As the fashion industry shifts towards greater transparency and regulatory compliance, Digital Product Passports (DPP) are becoming increasingly important. With new regulations for Textile DPP under the EU Strategy for Sustainable and Circular Textiles on the horizon, brands must act now to meet the upcoming requirements. 'With legislation on the horizon, now is the time for textile brands to start engaging with Digital Product Passports,' said Kristoffer Schroeder, CTO at Rudholm Group. 'At Rudholm Group, we see DPPs not just as a compliance requirement but as a strategic advantage—offering brands a way to build trust, enhance transparency, and drive meaningful connections with consumers.' DPPs provide a structured way to manage product data, ensuring compliance with evolving regulations while enhancing traceability across the supply chain. They enable brands to share detailed product histories—from raw material sourcing to end-of-life recycling—providing transparency at every stage. Beyond meeting legal obligations, DPPs offer opportunities to improve efficiency, reduce risk, and build stronger connections between brands and consumers. As consumers become more informed and demand greater accountability, DPPs provide a direct channel for brands to engage and communicate product information, further strengthening their connection with the market. Rudholm Group is at the forefront of supporting brands with the transition to Digital Product Passports through its innovative ShareLabel® platform. ShareLabel® simplifies data management, ensuring accurate, real-time tracking of product information and streamlining compliance with regulatory requirements. This technology helps brands future-proof their operations while aligning with emerging industry standards. Schroeder adds, 'Digital Product Passports are about more than just meeting regulations—they represent an opportunity to innovate and lead. By offering detailed product transparency, brands can not only comply with evolving standards but also inspire their customers, demonstrating a genuine commitment to sustainability and ethical practices.' By acting now, brands can stay ahead of the curve, ensuring a smooth transition when new regulations take effect. Rudholm Group continues to develop solutions that help businesses navigate the complexities of compliance while unlocking new opportunities for growth and innovation. About Rudholm Group Rudholm Group is a global manufacturer of labelling, packaging, trims, and digital solutions, with Scandinavian roots and operations across Europe, Asia, and the U.S. The company is dedicated to sustainable and innovative solutions for the apparel and footwear industry. Logo: Photo: View original content to download multimedia: SOURCE Rudholm Group
Yahoo
25-03-2025
- Business
- Yahoo
EU's Circular Economy Advancements on the Horizon
The textile sector's circular wheels have started turning, according to the European Apparel and Textile Confederation (Euratex), as a 'major step' to implement the European Partnership for Textiles of the Future has been taken. The European Commission and the European Technology Platform for the Future of Textiles and Clothing (Textile ETP) will ink a Memorandum of Understanding (MoU). Once finalized sometime over the next few days, per the Brussels-based organization, the partnership driving the 27 member states' circularity and innovation efforts will kick off in pursuit of 'reinforcing Europe's strategic autonomy and global competitiveness.' More from Sourcing Journal ThredUp's Resale Report Shows How Tariffs and AI Could Impact Secondhand This Year How the European Commission's Clean Industrial Deal Would Boost Green Manufacturing Circ Raises $25M in Oversubscribed Round led by Taranis 'Innovation is the bridge between sustainability and competitiveness,' Mario Jorge Machado, president of Euratex, said. 'The Commission's decision is a welcome contribution, but it's only a starting point.' For context, the Partners for Textiles of the Future effort was established under the EU's key funding program, Horizon Europe, in alignment with the EU Strategy for Sustainable and Circular Textiles. The idea, according to Euratex, is for the partnership to 'harness digital innovations and novel business models to strengthen Europe's leadership in sustainable textiles,' per the Belgian platform, by 'fostering research, innovation, and investment in environmentally friendly, resource-efficient and cost-competitive production practices.' 'The launch of this dedicated EU research and innovation funding program for the textile sector is a testament to the persistent work of Textile ETP over many years, building up a strong European community of industry, research and higher education stakeholders and developing a positive future vision for this industry built on technology adoption and material, process and business model innovation,' Marina Crnoja-Cosic, president of Textile ETP, said. 'It is now up to us to demonstrate to the European Commission that their investment will generate a positive return through accelerated innovation in the sector and by a strong engagement and co-investment of industry, especially SMEs in the coming three years.' The EU Strategy for Sustainable and Circular Textiles, published in March 2022, prompted a proposal to adopt a mandatory textiles Extended Producer Responsibility (EPR) system. As it currently stands, this initiative—the European Partnership for Textiles of the Future—will work to drive the industry's aforementioned green transition directive. 'The initiative will leverage digital innovations and new business models within the sector and enhance Europe's strategic autonomy,' per the EC's statement. 'At the same time, it will help to keep the industry competitive, resilient and sustainable in a rapidly changing global market.' That includes the EC's (and private partners) plan to invest up to roughly $39 million each (30 million pound) from 2025-2030 into the partnership, per the EC's statement. Euratex's statement alleged that the Commission (and private industry partners) would commit to investing up to about $77 million (60 million pound) from 2025-2030 in collaborative research and innovation projects. In any case, Textile ETP will co-lead this partnership, working with the EC as well as any (all?) European textile innovation stakeholders. 'Today, we take another important step forward in our commitment to strengthen Europe's industrial landscape,' Stéphane Séjourné, the EC's executive vice president for prosperity and industrial strategy, said in a statement. 'Our new partnership on the future of textiles brings together the Commission and industry to drive technological progress and sustainability across the sector. This initiative will accelerate the transition toward a stronger, more competitive and sustainable European textile industry.' Following the official signing of the MoU will see the initiative's first funding opportunities introduced in the Horizon Europe Work Program 2025. That will be published in spring, with submission deadlines anticipated to close in early fall for the first projects to start in mid-2026. 'Additional resources should be made available under the new Multiannual Financial Framework, with a strong focus on Europe's manufacturing base—including textiles—and targeted support for clean technologies, skills, and infrastructure,' Machado said of the EU's financial perspective. 'Only then can we build a resilient, competitive and sustainable industrial future.'
