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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MERKEL URGES REFORMS IN AFRICA TO WOO GERMAN INVESTORS TO THE REGION

German Chancellor Angela Merkel has hosted African leaders for the third G20 Compact with Africa summit in Berlin. The initiative aims to boost private...

Canadian Firms Explore Investment Opportunities in Egypt

Egyptian industry minister Amr Nassar and immigration minister Nabila Makram recently held extensive discussions with a delegation of five Canadian firms to discuss investment...

Turkey exported mostly chemical, textile products to Uzbekistan in 2019

From January through September 2019, the biggest share of Turkey’s exports to Uzbekistan accounted for chemical products and raw materials for textile products, a...

Turkey has great potential to compete worldwide: CEO

Turkey has a great potential to compete worldwide, particularly in the textile, auto, and machinery sectors, according to the CEO of Hannover Fairs Turkey, which handles the Turkish...

Global Cotton Report from 1990 to 2018

Global Cotton Report ; from 1990 to 2018 on Area, production, imports, exports and consumption The “Global Cotton Report” from Textile Beacon Global Info Services...

Japan (JNTO) Signs Memorandum of Cooperation with Emirates to Increase Visitors from the Middle East

Japan National Tourism Organization (JNTO) Signs Memorandum of Cooperation with Emirates to Increase Visitors from the Middle East To further increase tourism demand from the...

EU to help Pakistan boost textile exports: envoy

The European Union (EU) and the Pakistani textile industry recently joined hands to work for the sustainable growth of the country’s textile sector. With...

UAE-India Economic Forum 2019 to Focus on New Investment Opportunities

The UAE has been India’s evergreen growth partner, through trade, investments, job creation and remittances. And there is scope for more, made clear by...

Future Trends and Perspectives to be Discussed at FILTECH

With the FILTECH Show taking place from 22-24 October 2019 the city of Cologne in Germany will be the place to be for the...

CBN, Nigerian governors agree to develop agri sector

The Central Bank of Nigeria (CBN) and governors of 36 Nigerian states recently agreed to pool resources to develop their agricultural potential and generate...
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