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Related Keywords: are traded freely with no tariffs, Euratex, European Union, further integrate the two economies, key bilateral trade agreement, process of negotiating TTIP, reduce tariffs benefits, relax other regulatory burdens, such as clothing, tariffs are higher, traditional manufacturers, two biggest economies, United States

The European Union and the United States, two of the biggest economies in the world are going far beyond what has been done previously in any agreement except the EU’s single market. They are in the process of negotiating the Trans-Atlantic Trade and Investment Partnership (TTIP), a key bilateral trade agreement intended to further integrate the two economies.

The two economic entities, which together account for around a third of world trade and half of world GDP, are already deeply integrated.

Related Keywords: challenges and opportunities, creating and running, Euratex, European Confederation, European textile and clothing industries, Five fashion and textile start-up companies, innovative methods of productionnew, manufacturing SME in Europe, new business models, organized round table, representing the interests, share views on, young entrepreneurs

EURATEX is the European Confederation representing the interests at the level of the EU institutions of the European textile and clothing industries as a whole. EURATEX during its General Assembly on 28 May 2015 organized a round table, an exceptional opportunity to meet young entrepreneurs sharing their views on the challenges and opportunities for creating and running a manufacturing SME in Europe.

Related Keywords: awareness of energy consumption, Energy Made-to-Measure campaign, Euratex, European apparel and textile confederation, joined Techtextil, present major initiative, SMEs, support textile and clothing companies, sustainable use of resource, Texprocess fair

Euratex, the European Apparel and Textile Confederation joined the Techtextil/ Texprocess fair in Frankfurt to present its major initiatives, sustainable use of resources which is one of the key priorities of Euratex for the years to come.

Euratex in collaboration with dozens of organizations across Europe, in 2014 launched its Energy Made-to-Measure campaign which promotes key results of successful initiatives for energy efficiency in the sector.

Related Keywords: Euratex, German manufacturers, international trade fair, processing textile and flexible material, SESEC, sewing machines, showcase sustainable processing technologies, special resource saving product families, Texprocess, VDMA

Texprocess, leading international trade fair for processing textile and flexible material will provide a showcase of current sustainable processing technologies this time. Under the label Blue Competence of VDMA (Association of German Mechanical and Plant Engineering), some exhibitors will present special resource-saving product families.

According to a recent study of VDMA, machines produced by German manufacturers allow to save 28% of energy and 33% of water in a comparison between the years 2014 and 2004 within the spinning, knitting and finishing processes.

Related Keywords: costly obligations, environmental standards, EU textile and clothing industry, Euratex, European Commission, Free trade agreement, high consumer safety, The European Textile and Clothing Confederation, Transatlantic trade and investment partnership

The European Textile and Clothing Confederation (Euratex) from the time of negotiations over the Transatlantic Trade and Investment Partnership (TTIP) has been closely working with its US counterparts and the European Commission to make sure that companies will benefit from this free trade agreement.

The TTIP offers an opportunity to keep high consumer safety, user information, and environmental standards for the textiles and clothing industry, while removing unnecessary burdens to trade.