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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French Brand GEMO Begins Production in Benin’s Glo-Djigbé Industrial Zone

The Glo-Djigbé Industrial Zone (GDIZ) has officially welcomed GEMO, a major French ready-to-wear label, into its growing network of international textile partners. The move...

Kenyan Government Launches Textile Skills Program in TVET Institutions to Boost Industry Readiness

In a strategic move to align Kenya’s workforce with global apparel industry standards, the government has officially launched a Textile and Apparel Enhancement Programme...

OECD Forecasts Morocco’s Economic Growth to Reach 3.8% in 2025 and 2026

The Moroccan economy is projected to grow steadily at 3.8% in both 2025 and 2026, according to the latest economic outlook released by the...

Lesotho’s Textile Industry Faces Crisis as U.S. Tariffs Threaten Over 5,000 Jobs

Lesotho’s once-thriving textile sector is on the brink of collapse, with over 5,000 jobs at risk, following the imposition of a 50% tariff on...

Uzbekistan and Yunus Textile Mills Sign MoU to Explore Joint Home Textile Production

In a significant move to strengthen bilateral textile cooperation, a high-level delegation from Uzbekistan, led by Akobir Tukhtaev, Deputy Chairman of the Chamber of...

Turkey Invests $173 Million in Spain Across Key Sectors

At the Türkiye-Spain Roundtable Meeting held in Istanbul, Turkish Minister of Trade Ömer Bolat announced that Turkish companies invested approximately $173 million in Spain...

Vietnam and India Seek Stronger Textile Cooperation Amid Growing Trade Potential

At an online seminar held on May 23, Vietnamese and Indian industry leaders called for deeper cooperation in the textile and garment sectors, highlighting...

CIDPEX 2025 Concludes Successfully: Over 50,000 Visitors Celebrate Innovation in Disposable Hygiene Industry

The 32nd edition of the China International Disposable Paper Expo (CIDPEX 2025) successfully concluded on April 18, marking another record-breaking milestone for the global...

Egypt’s Textile Sector Booms with Foreign Investment and Competitive Edge

Egypt is rapidly emerging as a global hotspot for textile manufacturing, driven by a surge in foreign direct investment (FDI), attractive production costs, and...

Textiles Recycling Expo 2025: BASF and trinamiX Present Solutions Supporting Textile Circularity

trinamiX showcase its mobile solution for reliable textile identification, including the new handheld spectrometer trinamiX PAL Two BASF presents loopamid®, the recycled polyamide...
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