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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Turkish exports to Egypt break record in Jan.-Aug.

Türkiye’s exports to Egypt reached an all-time high from January through August with $2.8 billion (TL 51.10 billion), according to an Anadolu Agency (AA)...

Trade with Africa exceeds $520m in 4 Months

Iran traded 890,287 tons of non-oil commodities worth $526.35 million with African countries during the first four months of the current Iranian calendar year...

Iran’s exports to Albania stand at $3.6m in H1

The value of Iranian exports to Albania reached $3.6 million in the first six months of 2022, according to Albania’s Institute of Statistics (INSTAT). As...

The International Trade Centre (ITC) brings Tunisian textiles firms to Egypt to boost regional trade

In the first business-to-business mission since the pandemic, the International Trade Centre brought together 26 Egyptian and 10 Tunisian companies in May in Cairo,...

Turkish Textile Export Revenues 6.1 Billion USD

Turkey’s revenues from textile and raw materials exports amounted to 6 billion and 119 million dollars during the first 7 months of this year. According...

Australian Investors Express Strong Interest in Expanding Trade with Iran

Australian Ambassador to Iran has stated that a growing number of Australian tradesmen and investors are eager to collaborate with Iranian businesses, highlighting the...

Iran-Turkmenistan ties beyond neighborliness

Iran and Turkmenistan have great capacities to elevate their ties and become a good example in the region, as the Raisi administration in Iran...

Autoneum updates its outlook for 2022 as a result of the Ukraine war

Due to the impact of the war in Ukraine on the automotive industry and vehicle production as well as of rising inflation, Autoneum is...

Turkish exporters lose nearly $140M in April as Ukraine war hits trade

Turkey’s exports to Russia and Ukraine fell by nearly $140 million in April, as Moscow’s invasion of its southern neighbor continues to disrupt shipments. Sales...

Saudi Arabia transfers $80B of Aramco shares to sovereign fund

Saudi Arabia has transferred 4% of the stock in the state-run oil giant Saudi Aramco to the country’s sovereign wealth fund, the government said...
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