Economy News

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 (FTA), which is set to enhance bilateral trade, improve market access,...

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...

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...

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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...

Algiers to Host Africa’s Largest Trade Showcase at IATF2025

Algiers will host the 2025 Intra-African Trade Fair (IATF2025), marking a significant milestone as Arise Integrated Industrial Platforms (Arise IIP) takes on a premier...

Brussels Approves Five-Year Exemption to Boost Tunisia’s Textile Sector

In a move to enhance Tunisia’s textile industry, Brussels has approved a five-year exemption that will allow basic local processing to qualify as an...

Ghana Unveils Ambitious Plan to Revive Textile Sector with $2 Billion Target by 2033

Ghana's government has set its sights on revitalizing its struggling textile industry with a bold new policy aimed at transforming the sector into a...

Lenzing with Revenue and Earnings Growth in First Half of The Year – Tariff Policy Slows Recovery Momentum

Revenue grows to EUR 1.34 bn, EBITDA at EUR 268.6 mn Earnings after tax positive at EUR 15.2 mn Tariff measures place a...

India and Japan Deepen Textile Trade and Investment Collaboration

India and Japan are strengthening their textile trade and investment ties, building on the foundation of the India-Japan Comprehensive Economic Partnership Agreement (CEPA) signed...

Uzbek Trade Delegation Strengthens U.S. Ties and Showcases “Made in Uzbekistan” at Major New York Trade Shows

A high-level trade delegation from Uzbekistan’s Ministry of Investment, Industry and Trade (MIIT) completed a week-long visit to the United States from July 23...

Colombia’s Strategic Potential for Textile and Apparel Trade Highlighted by Turkish Commercial Counsellor

During the 36th edition of ColombiaModa in Medellín, one of South America’s most prominent fashion and textile exhibitions, Kohan Textile Journal had the opportunity...

AAFA Urges Swift, Long-Term Renewal of AGOA to Sustain and Expand U.S.–Africa Apparel Trade

The American Apparel & Footwear Association (AAFA) has called on U.S. lawmakers and trade officials to enact a long-duration renewal of the African Growth...
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