Economy News

PM Modi’s Uzbekistan Visit: What It Means for the India-Uzbekistan Textile Trade

Indian Prime Minister Narendra Modi's two-day state visit to Uzbekistan on August 29–30, 2026, at the invitation of President Shavkat Mirziyoyev, has elevated bilateral relations to a Comprehensive Strategic...

India-New Zealand FTA Creates US$2 Billion Export Opportunity for Indian Textile Industry

India's textile and apparel industry is expected to benefit significantly from the forthcoming India-New Zealand Free Trade Agreement...

NCTO Voices Concerns Regarding USTR’s Textile Mechanism, Part of Administration’s Section 301 Actions on Forced Labor

The National Council of Textile Organizations (NCTO), which represents the full spectrum of the U.S. textile industry from...

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...

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...

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Garanti BBVA and Ivy Decarb Partner to Finance Textile Industry’s Green Transition

Garanti BBVA, the Turkish unit of Spain’s BBVA, has partnered with Ivy Decarb Marketplace to accelerate decarbonization in Turkey’s textile sector. The initiative will...

Swedish Group Invests $1 Billion to Make Vietnam a Global Hub for Textile Recycling

Vietnam’s textile industry is on the verge of a groundbreaking transformation. The Swedish group SYRE, a joint initiative of global fashion brand H&M and...

Türkiye–Africa Business and Economic Forum to Be Held in Istanbul

The Türkiye–Africa Business and Economic Forum (TABEF) will convene for the fifth time on October 16–17, 2025, in Istanbul, hosted by Türkiye’s Ministry of...

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...
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