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Without textile materials, no cars, airplanes or buildings can be built, nor can agrifood workers, defence and security forces or craftsmen, do their work in full, \" (EURATEX, 2020)\u003C/p>\u003Cp>The report has estimated the negative impact on turnover in 2020 for the textile and clothing industry to a staggering 50 billion euros.\u003C/p>","\u003Cp>\u003Cstrong>EURATEX provides the EU institutions with accurate data and useful tools for making the policies that enhance Europe’s economic growth and encourage jobs creation\u003C/strong>.\u003C/p>\u003Cp>Through this 2020 edition, it highlights the main characteristics of the European textile industry, presents key data and important trends on trade, innovation, sustainability and more, in a context of growing demand, environmental pressure, and coronavirus crisis.\u003C/p>","\u003Cp>EURATEX has been active for a couple of years now in the promotion of circular economy and this report goes further in that line of conduct. 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