Doing business in the European Union
Europe
May 20, 2024
The EU offers a massive consumer base of over 400 million people, providing businesses with huge opportunities for growth and expansion. It is a single market with harmonised regulations and standards, simplifying trade processes and reducing barriers to entry for businesses. Access to the EU market offers businesses the chance to benefit from the region's high levels of economic stability and purchasing power.
Its good functioning is owed to its robust regulations and the most comprehensive legal framework in place.
Is that all? In addition to cross-sectoral ESG regulations, compliance with sector-specific laws is a must.
Legislation to comply for textile industry
1. Eco-design for Sustainable Products Regulation: Framework to set ecodesign requirements and digital product passport requirements for textiles
2. Revision of the Waste Framework directive: Mandatory and harmonised Extended Producer Responsibility schemes for textiles
3. Textile Labelling Regulation: Update and revision upcoming
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