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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EURATEX Urges Stronger Enforcement for Fair and Safe E-Commerce in the EU

The European Commission’s latest communication on e-commerce highlights growing concerns over direct-to-consumer imports via online marketplaces. EURATEX supports stricter enforcement to combat non-compliant and...

Rieter – Significant Increase in Order Intake in Financial Year 2024

• Order intake of CHF 725.5 million • Sales of CHF 859.1 million • Order backlog of around CHF 530 million at December 31, 2024 • EBIT...

Spinnova Oyj (Finland) Joins ITMF As Corporate Member

Based in Finland, Spinnova has developed patented technology for making textile fibre from wood pulp or waste, such as leather, textile or agricultural cropping...

From Pre-Treatment To Finishing: Textile Chemicals & Dyes At Techtextil Frankfurt 2026 For The First Time As A Separate Product Area

From fibre production to coating: For the first time, Techtextil bundles the range of exhibitors in the field of Textile Chemicals & Dyes in...

The Belgian Textile Industry in 2023: Stability Amid Challenges

Turnover Holds Steady Despite Declines in Volume In 2023, the Belgian textile industry managed a stable turnover, recording €5.1 billion—a slight drop of 0.4% compared...

Turkish Furniture, Paper, and Forestry Products Industry Expands Its Export Reach to Africa

In a strategic push to broaden export markets, the Istanbul Furniture, Paper, and Forestry Products Exporters' Association has initiated the “Mauritania-Senegal General Trade Delegation”...

Exploring the Future of Textile Machinery: Insights from Alex Zucchi at ITMA Asia + CITME 2024

Today, we had the privilege of interviewing Mr. Alex Zucchi, President of CEMATEX (the Association of European Textile Machinery Manufacturers), during the ITMA Asia...

Rieter Investor Update 2024

• Order intake of CHF 226.4 million in the third quarter, CHF 629.8 million after nine months • Sales of CHF 163.3 million in the...

Voltalia and TAQA Arabia Partner to Boost Egypt’s Green Energy and Hydrogen Production

Voltalia (Euronext Paris), a global leader in renewable energy, and TAQA Arabia have signed a significant framework agreement to develop a cluster that combines...

Egypt Aims to Triple Foreign Direct Investment to $30 Billion

In a bold move, Egypt's newly formed cabinet has set an ambitious target to triple foreign direct investment (FDI) from last year’s record $10...
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