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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Bangladesh Accelerates Technology Transfer to Future-Proof Its Textile Industry

In a strategic shift aimed at sustaining its position as the world’s second-largest garment exporter, Bangladesh is intensifying efforts to modernize its textile sector...

Euro Surge Provides New Momentum for Turkish Textile Industry

The recent appreciation of the euro has created fresh opportunities for Türkiye’s textile sector, helping ease the pressure from domestic economic challenges. With the...

Indonesia’s Textile Industry Eyes U.S. Cotton to Offset Tariff Impact

Indonesia’s textile and apparel sector is bracing for severe fallout following the U.S. government’s imposition of a 32% “reciprocal” tariff on Indonesian goods—a move...

Pakistan’s Textile Industry Sees Resilience and Opportunity Amid U.S. Tariff Challenges

Despite the recent imposition of tariffs by the U.S. government, Pakistan’s textile industry—the backbone of the country’s export economy—is showing strong signs of resilience...

Pakistan’s Apparel Exports Rise 19% Amid Strategic Growth Push

Pakistan’s textile industry has recorded remarkable progress over the past year, with apparel exports rising by 19%, according to Federal Minister for Commerce Jam...

India Achieves 7% Growth in Textile Exports

India's textile exports, including handicrafts, recorded a 7% increase from April to December 2024, reinforcing the country’s position as a key player in the...

UAE and Central African Republic CEPA to Boost Trade Beyond AED3.67 Billion

The UAE and the Central African Republic (CAR) have signed a Comprehensive Economic Partnership Agreement (CEPA) aimed at boosting bilateral trade and investment, with...

NCTO Expresses Concern Over President Trump’s Tariffs on Mexico and Canada

The National Council of Textile Organizations (NCTO) has raised serious concerns regarding the Trump administration’s recent decision to impose 25 percent tariffs on imports...

Africa’s Economic Challenges: An Opportunity for Transformation, Says UNCTAD

Africa’s economic struggles, marked by dependency on volatile global markets, infrastructure deficits, and escalating debt, offer a unique chance to reshape the continent’s future,...

EURATEX Urges Stronger Enforcement for Fair and Safe E-Commerce in the EU

The European Commission’s latest communication on e-commerce highlights growing concerns over direct-to-consumer imports via online marketplaces. EURATEX supports stricter enforcement to combat non-compliant and...
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