Business

Clothing from China floods Europe. Cheap Shipments and Customs Trump overturned the market


The European Organization of the EURATEX textile industry has indicated that the increase in import value from China to Europe is mainly the result of an increased influx of cheap clothing, the value of which was estimated at around EUR 2 billion. The president of EURATEX, Mario Jorge Machado, noted that Chinese producers, looking for alternative markets, aggressively enter the European market, which also leads to a decrease in the prices of imported products.

– A significant part of Chinese exports, which previously went to the USA, is now heading to Europe. Chinese companies, unable to sell in the United States, they accept a very aggressive price strategy on our market Machado said in an interview with “FT”.

Ashley Davis

I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.

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