Economy News

U.S. Textile and Apparel Industry Unites Behind New Trade Incentive Proposal

For the first time in recent years, leading U.S. textile manufacturers, apparel brands and retailers have jointly proposed a new trade incentive program aimed at strengthening domestic manufacturing, expanding...

Afreximbank: Africa’s Economy Grows 4.5% in 2025 Despite Global Trade Challenges

Africa strengthened its economic resilience in 2025, recording faster economic growth despite rising geopolitical tensions, slowing global demand...

Mohawk Cleared to Acquire Bremworth as Deadline Looms for New Zealand Wool Carpet Deal

Mohawk Industries has received regulatory approval to acquire Bremworth, bringing one of New Zealand’s best-known wool carpet manufacturers...

Ferraro S.p.A. acquires the “Finishing” business unit of Cibitex S.r.l.

Ferraro S.p.A. and Cibitex S.r.l. are pleased to announce the completion of the agreement pursuant to which Ferraro...

US Proposes New Tariffs on Seven African Countries Over Forced Labour Concerns

The United States is considering imposing an additional 12.5 percentage point tariff on imports from seven African countries...

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Pakistan’s Textile Exports Maintain Growth Momentum Despite Short-Term Volatility

Pakistan’s textile industry, which accounts for nearly 63% of the country’s total exports, continues to be the backbone of the economy. According to the...

AfCFTA Pushes to Finalize Rules of Origin by October 2025, But Textiles and Autos Stall

The African Continental Free Trade Area (AfCFTA) is pushing toward its ambitious goal of 97% tariff liberalization by October 2025. However, critical negotiations remain...

Turkmenistan Delegation Strengthens Trade and Textile Ties in Japan

A Turkmen delegation led by N. Agahanov, Minister of Trade and Foreign Economic Relations of Turkmenistan, paid a working visit to Japan from August...

Africa’s $100 Billion Trade Finance Gap Threatens Growth

Africa’s economic ambitions are being held back by a chronic shortage of trade finance, with banks rejecting an estimated $100 billion in legitimate trade...

Indian Firms Eye Ghana as US Tariffs Reshape Manufacturing

Ghana is emerging as a promising destination for Indian manufacturers seeking to navigate shifting trade dynamics, as punitive U.S. tariffs disrupt billions in exports...

U.S.–India Trade Dispute Opens New Opportunities for Turkish Exports

The escalating tariff war between the United States and India is reshaping global trade flows, creating what experts describe as a historic opportunity for...

Egypt Studies Converting Helwan Iron into Textile Industries Complex

Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, has announced that the government is considering transforming the...

How Trump’s 10% Tariff Threatens Kenya’s Textile Sector

President Donald Trump’s administration has intensified its "America First" trade agenda by imposing a flat 10 percent tariff on all imports into the United...

PM Shehbaz Inaugurates Chinese Textile Group’s Special Economic Zone in Islamabad

Prime Minister Shehbaz Sharif on Friday inaugurated a Special Economic Zone (SEZ) established by Chinese textile giant Challenge Fashion Private Limited, marking a major...

Apparel Textile Sourcing Canada 2025 Marks 10th Edition with Montreal and Toronto Shows

Apparel Textile Sourcing Canada (ATSC), the country’s leading apparel and textile trade event, celebrates its 10th anniversary with two editions this fall: in Montreal...
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