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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Premium Products International, Inc. Expands Turkish Towel Sourcing Programs

Premium Products International, Inc. (PPI), a U.S.-based global sourcing and market development company, is scaling up its towel sourcing operations in Türkiye to meet...

Antwerp Declaration Community Urges EU Leaders to Deliver Emergency Measures as Europe’s Competitiveness Crisis Deepens

Representing the European textile and fashion industry, joins the Antwerp Declaration Community’s call on EU Heads of State and Government to adopt emergency measures...

Donald Trump Signs Executive Order Targeting Iran’s Trade Partners with Potential New Tariffs

US President Donald Trump has signed an executive order that could impose additional tariffs on imports from countries that directly or indirectly purchase goods...

Ghana and United Nations Industrial Development Organization Advance Circular Economy Textile Innovation Centre

Ghana and the United Nations Industrial Development Organization (UNIDO) are moving forward with plans to establish a Circular Economy Innovation and Textile Testing Centre,...

Messe Frankfurt Puts Artificial Intelligence Centre Stage at Global Textile and Apparel Fairs

Messe Frankfurt has announced a major strategic shift for its international textile and apparel trade fairs: Artificial Intelligence (AI) will become a central theme...

Five Exhibition Zones Synergize at ITCPE Guangzhou 2026: Unlocking New Pathways for Intelligent, Green and High-end Textile & Garment Manufacturing

Against the backdrop of the accelerating shift toward intelligent, green and high-end development in the textile, garment, printing and embroidery industries, technological innovation and...

UNITEX Expands Filament Yarn Capacity with Fully Digital Barmag Plant

UNITEX is expanding its capacity by a further 36,000 tons per year with a new filament yarn production plant. Once again, the Vietnamese company...

At SITEX 2026, Stäubli Showcases Practical Innovation for Weaving Mills

At SITEX 2026, held from February 21 to 23 in Surat, Stäubli is demonstrating how advanced innovation translates into measurable benefits for weaving mills....

DOMOTEX South East Asia 2026 to Launch in Bangkok, Thailand

Southeast Asia is emerging as one of the most dynamic construction markets worldwide. Driven by sustained infrastructure investment and urban development, the region’s construction...

US House Backs Retroactive Extension of AGOA and HOPE/HELP Trade Programs

The African Growth and Opportunity Act (AGOA)—first enacted in 2000—expired on 30 September 2025, prompting renewed debate in Washington over the future of US...
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