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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TPO holds 2nd meeting of Iran-Qatar commodity country desk

TEHRAN- Iran’s Trade Promotion Organization (TPO) held the second meeting of its Commodity-Country Desk on trade with Qatar, director-general of TPO’s office of Arabian...

Istanbul Predicts 40% Textile Trade Decline in 2020

In the midst of the normalization cycle following the coronavirus outbreak, Istanbul’s Laleli, Osmanbey and Merter districts predict an overall trade volume decline of...

Global Apparel Downturn Deepens Textile Vulnerabilities

Bangladesh’s textile sector, despite periods of strong performance, is now feeling the full impact of the global recession. The stalled manufacturing climate has intensified...

Iran, India discuss expansion of trade ties in new areas

TEHRAN – Head of Iran’s Trade Promotion Organization (TPO) Hamid Zadboum and Indian Ambassador to Tehran Gaddam Dharmendra met to discuss expansion of trade...

The Islamic Development Bank Group support Egypt with $3.8 billion

The Islamic Development Bank Group contributes to more than 57 projects under implementation in Egypt with $3.8 billion and reaffirms its economic support to...

Should I buy Chinese luxury fashion product?

China plans for attracting luxury fashion consumer to buy Chinese luxury product Rather than going overseas, China seeks to ensure its people shop for foreign...

Helmand Cotton Factory Reopens After 7 Years

The state-run Bost Enterprise, a cotton ginning factory, has officially reopened after seven years. According to a statement from Helman Governor’s office, farmer’s cotton products...

Iran’s Exhibition Events Down 40% due to Covid-19 Outbreak

Managing director of Iran International Exhibitions Company (IIEC) said on Saturday that the number of Iran’s exhibition in the current Iranian calendar year has...

Economic Slowdown in Tunisia in First Quarter

Tunis - Mongi Saidani Tunisia’s National Institute of Statistics has revealed an economic slowdown in the first three months of 2020. Tunisia's foreign trade reached 10,514...

US, Kenya launch negotiations for free trade agreement

United States trade representative Robert Lighthizer and Kenya Cabinet Secretary for industrialisation, trade, and enterprise development Betty Maina have formally launched trade agreement negotiations...
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