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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Turkey Plans to Establish Industrial Zone in Egypt

The Chamber of Commerce and Industry in Bursa, Turkey, has revealed its intentions to establish an industrial zone in Egypt, following discussions held during...

International Islamic Trade Finance Corporation (ITFC) Extends US$ 15 million Financing Support to Private Sector in Uzbekistan

The financing agreement with Aloqabank will contribute to efforts to strengthen the private sector and SMEs in the country The International Islamic Trade Finance Corporation...

UAE’s First Integrated Battery Recycling Plant Unveiled as Dubatt Invests AED 216 Million at Dubai Industrial City

Dubatt Battery Recycling’s fully integrated battery recycling plant – the first of its kind in the UAE – has been formally inaugurated at Dubai...

Rieter: First Information on the Financial Year 2023

The Rieter Group closed the financial year 2023 with slightly lower sales than in the previous year. According to the first, unaudited figures, total...

Turkey-Georgia Trade Volume Aims for $5 Billion in 2024

The Foreign Economic Relations Board (DEİK) Turkey-Georgia Business Council President, Osman Çalışkan, announced that the trade volume between Turkey and Georgia is anticipated to...

Turkey Announces List of Target Countries for Export Support in 2024

In a communication received by our company from the Union of Chambers and Commodity Exchanges of Turkey (TOBB), the Ministry of Commerce has disclosed...

Texworld NYC and Apparel Sourcing NYC Unveil Next-Level Special Features for January Event

Texworld New York City and Apparel Sourcing New York City, the largest sourcing event on the East Coast, is gearing up for a spectacular...

VITAS Aims for $44 Billion Textile & Apparel Exports by 2024 Amid Positive Growth

The Vietnam Textile and Apparel Association (VITAS) has announced an ambitious goal of reaching $44 billion in revenue from textile and apparel exports by...

Paramount Textile’s Q1 Profits Dwindle as Global Recession Stifles Export Goals

Paramount Textile Limited faced a 14% year-on-year decline in net profit during the first quarter (July-September) of fiscal year 2024, attributing the decrease to...

Denizli is on the way to be one of the driving-forces of Turkish exports

Hüseyin Memişoğlu, President of the Denizli Exporters’ Association (DENIB), announced the latest export figures for November, highlighting both challenges and opportunities in the region's...
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