Chapter 9 - Europe & The EU Flashcards
Adversarial relationships
Common behaviors between suppliers and consumers; in the textile complex, belief that success of one is dependent on the other
Cost center
A department within an organization that is essential to the operation of the company but does produce a profit
Euro
European Union common currency, initiated in 2001 by 15 countries of the EU
European Commission
A politically independent institution responsible for proposing EU legislation, implementing it, and monitoring compliance
European Union (EU)
An organization formed in 1993 to expand cooperation regarding trade, social issues, foreign policy, security, defense, and judicial issues
Extra EU
Trade with nations that are not members of the EU
Intra EU
Trade among nations that are members of the EU
Supranational organization
Requires that members give up a portion of their control over selected policies and allows the organization to compel compliance with its mandates
Technical textiles
Textile products designed for thermal and/or mechanical performance and durability including those made for protective clothing and medical use
What was the EU primary goal
To expand cooperation regarding trade, social issues, foreign policy, security, defense, and judicial issues
The __________ the GCI Number, the __________ productive the country is
Higher, less
What are the two primary factors for sourcing ?
Level of development and geographic locations
Which segments does the EU comprise in the textile and apparel industry
Treatment of raw materials, that is, the preparation or production of natural and man-made fibers and yarns
Production of knitted and woven fabrics
Finishing activities, to give fabrics visual, physical, and aesthetic properties
Transformation of fabrics into products such as garments, carpets, home textiles, and technical or industrial textiles
