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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More than 20 thousand visitors from 17 countries will attend the XV International Fair “EXPOTEXTIL PERU 2022”

The XV edition of the fair was launched with a commitment to sustainability After two years of virtual fair, XV Edition of EXPOTEXTIL PERU 2022...

What Do You Know About SAURER Academy?

Become an expert... Learn when and where it suits you - anywhere and at any time. Become an expert with the new Saurer Academy. Motivated...

Oerlikon Join “Bavarian AM Cluster”

Industrial 3D Signing of a MoU for the foundation of the “Bavarian AM Cluster” Munich, Germany and Pfäffikon, Switzerland – October 12, 2022 – Representatives...

Rieter and the Johann Jacob Rieter Foundation Sponsor Professorship for Artificial Intelligence at the ZHAW

The Rieter Group is constantly expanding its technology leadership. Together with the Johann Jacob Rieter Foundation, the company is therefore supporting a new Endowed...

EURATEX Response to the Latest EU Energy Council Decision

More ambition and joint European efforts are needed Brussels, 4 October 2022 – On Friday 30 September, the EU Energy ministers approved a Council Regulation...

Turkish Textile Companies and Government Support

In the last decade, Turkish textile companies have been able to make great progress in the textile industry and enter vast export markets in...

Inflation, Currency Fluctuations, and Their Impact on the Global Textile Industry

By: Seshadri Ramkumar, Professor, Texas Tech University, USA With inflation reaching near double digits — a 40-year high — major national banks such as the...

THE GREEN COLLECTION is the centrepiece of DOMOTEX 2023

THE GREEN COLLECTION creates space for sustainable products THE GREEN COLLECTION is the centrepiece of DOMOTEX 2023. This special show is the central area in...

Modern and Urban: The Reinterpretation of Workwear

Technique and Fashion come together in Vittorio Branchizio's design New Horizons The 90th edition of Pitti Immagine Filati, was a scene of novelties for the world...

Cameroon joins Africa Finance Corporation to boost manufacturing investment

Cameroon officially became yesterday September 22, 2022, the 36th member of the Africa Finance Corporation (AFC). The latter is a multilateral financial institution established...
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