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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Texprocil urges govt to pursue FTA with UK

The Cotton Textiles Export Promotion Council (Texprocil) has urged the Indian government to take immediate steps in formulating a free trade agreement (FTA) with...

Baghdad mayor urges Turkish firms to invest in Iraqi capital

Baghdad Mayor Alaa Maan has called on Turkish companies to increase their investment in the Iraqi capital, emphasizing the value of Turkey’s experience in...

Africa’s Fourth Industrial Revolution Needs an African Agenda

By Tiko Iyamu, Professor of Information Technology, Cape Peninsula University of Technology, Cape Town, South Africa Africa stands at a defining moment. As the Fourth...

NRF to USTR: Avoid tariffs against Vietnam

WASHINGTON — The National Retail Federation urged the Office of the U.S. Trade Representative to avoid placing tariffs on imports of Vietnamese goods and...

SITEX Expo: First State-Wide Physical Exhibition To Be Held In Surat By SGCCI After The Lockdown

Surat (Gujarat), December 26 (ANI/ PNN): The Southern Gujarat Chamber of Commerce and Industry has organized a grand three-day exhibition 'Surat International Textile Expo-...

Global Success of Technical Textiles will be Reflected in HIGHTEX 2021

The nonwoven and technical textiles industry has become the focus of the whole world during the pandemic process. Most countries carried out works for these...

Tehran, Karachi Hold Joint Webinar on Trade Expansion

Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA), and Karachi Chamber of Commerce and Industry (KCCI) held an Iran-Pakistan business forum via webinar...

Erdoğan: Turkey Should Aim to Export High Value-Added Products

In a call for deeper economic transformation, President Recep Tayyip Erdoğan emphasized the need for Turkey to move beyond low-margin exports and prioritize high...

Turkey-UK FTA deal reaches final stage, Ankara says after Brexit trade agreement

Turkey welcomes the deal reached in negotiations on the future of post-Brexit relations between the U.K. and the European Union, the Turkish Foreign Ministry...

Aba’s Industrial Revival: Driving Nigeria’s Made-in-Nigeria Movement

By Okechukwu Keshi Ukegbu Nigeria’s economy continues to face immense pressure from import dependency and its overreliance on oil exports, which account for over 70%...
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