The European Union's circular economy framework, including the circular economy action plan and its sustainable textiles strategy, promotes relevant circular practices that help manage environmental impacts and stay competitive in greening global markets. The EU's goal is also to continue support its trading partners in developing circular plastics and textiles industries worldwide to facilitate the transition.
This policy paper evaluates how EU policy is driving the transition to the circular economy, its impact on global value chains and how developing country producers can navigate changing markets.
It also examines how EU policies drive the greening of global value chains, the plastics and plastic packaging value chain and the textile and garments value chain. In addition, it details on international support for the circular transition in developing countries.