The UKFT has welcomed UK’s free trade agreement (FTA) with the EU—the UK fashion and textiles industry’s biggest market. The UKFT said it is relieved that the deal has been finalised as it shall help secure the £7.4 billion of fashion and textiles that the UK sells to the EU every year, while helping to secure thousands of jobs and hundreds of companies.
“However, while the deal is extremely welcome and provides some clarity, there is still much that companies need to do, as the trading environment with the EU will be very different even with this deal.
“UKFT urges the government to actively help the sector meet the challenges it will face in the immediate future and to invest in the long-term future of the industry in the UK,” the association said in a press release.
“I am delighted that a deal has been agreed. While we need to see the detail of the deal to fully understand the implications, UKFT will be working with its members to help the industry maintain and grow its exports to the EU and the rest of the world,” said UKFT chairman Nigel Lugg.
- Industry And Cluster2021.02.04Sycamore Partners Retain Chain Belk Majority Owner
- Industry And Cluster2021.02.04Dependence on imported raw material problem for Morocco
- Fashion2021.02.04Kapri holding limited global fashion luxury groupQ3 FY21 revenue of $1.3 bn
- Industry And Cluster2021.02.04RWTH Aachen University has recently installed Karl Mayer’s BIAXTRONIC CO