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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Nigerian Central Bank panel to revive textile firms

The Central Bank of Nigeria (CBN) recently set up a committee to revive the country’s cotton, textile and garment industry following the earlier restriction...

Welspun India sees 46% growth in domestic retail business

Welspun India Limited (WIL), part of the $2.3 billion Welspun Group, has registered 46 per cent year-on-year growth during Q4 FY19 in domestic branded...

Iran attends SCO int’l investment fair

SCO int'l investment fair :: The first Shanghai Cooperation Organization (SCO) International Trade and Investment Fair opened on Friday in the port city of...

Iran, Pakistan working on barter trade mechanism

Pakistan Prime Minister’s Advisor on Commerce, Textile Industries and Production says Iran and Pakistan are working on a barter trade deal mechanism to enhance...

Iran Textile Industry Closer To Regional Economic Giants

An unemployment rate of over 12%, inflation at 36.9%, government debt of almost 40% of GDP, a GDP that could fall by 3% in...

Cambodian economy achieves robust growth in 2018: WB

The Cambodian economy grew 7.5 per cent in 2018, according to the World Bank’s (WB) recently-released Cambodia Economic Update, which said this better-than-expected growth...

Int’l Machine-Made Carpet and Flooring Exhibition Held in Tehran

Save the date: 13 - 16 September 2019 / Tehran - Iran The 10th  edition of International Floor Covering, Moquette, Machine made Carpet, and Related...

Armenian Alex Textile to invest AMD15.6 bn to raise output

The Armenian Government recently decided to offer customs benefits to Alex Textile as the company has announced to invest more than 15.6 billion drams...

ITM 2020 ; THE GREAT IDEA

Istanbul Textile Machinery Exhibition 2020 :: Want to be a partner for this GREAT IDEA? Let's meet between June 2 - 6, 2020 in İstanbul www.itm2020.com Follow...

Nepal’s Pashmina Export Revenues Fall Despite Incentives

Nepal’s pashmina export revenues are plunging despite high priority accorded to the sector, say officials. According to Nepal Rastra Bank, export revenues were Rs...
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