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Industry Talk

UKFT welcomes Brexit trade deal with European Union

Trade organisation UK Fashion & Textiles (UKFT) has welcomed the recently announced trade deal with the European Union and has made the following announcement.

4th January 2021

Knitting Industry
 |  London, United Kingdom

Knitwear, Knitted Outerwear

“UKFT welcomes the FTA with the EU. The EU is the UK fashion and textiles industry’s biggest market, and we are relieved that a deal has been secured. The deal should help secure the £7.4 billion of fashion and textiles that the UK sells to the EU every year, as well as helping to secure the future of 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.”

Nigel Lugg, Chairman of UKFT, said: “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.”

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