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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Uzbekistan joins EU’S GSP+ arrangement

Uzbekistan has gained privileges for duty-free exports to the EU through GSP Plus scheme. It came into force on April 10, the Ministry of...

Tunisia: reported investment in industry down 27.3% in Q1 2021

Reported investments in the industrial sector have dropped by 27.3% in the first quarter (Q1) of 2021, to 724 million dinars (MD) compared to...

Zimbabwe: Global Fund Invites Govt to Apply for U.S.$75 Million Grant Access

By Alois Vinga International financier, Global Fund (GF) has invited Zimbabwe to submit a funding request in order to access the US$75 million Covid-19 Response...

Turkey, Egypt to benefit from cooperation on East Med

As Ankara and Cairo adopt a more reconciliatory tone and are scheduled to meet next month, experts point out that cooperation in the Eastern...

Morocco Second Largest African Investor in France in 2020

Rabat – In 2020, Morocco became the second biggest African investor in France, representing a 0.5% share of France’s total foreign investment. According to Foreign...

India-UAE-Israel trilateral trade could reach $110 bn by 2030

Tapping into the mutual strengths of India, Israel and the United Arab Emirates could propel the trilateral trade among these nations to $110 billion...

Exclusive exhibition of Iranian products to be held in Sulaymaniyah

TEHRAN- An exclusive exhibition of Iranian products is planned to be held in Sulaymaniyah of Iraqi Kurdistan in late May. Iran had also held an...

NNF DESIGN PRESENTATION 2021

DESCAT UK- Dev Ethical Sustainable Crafts and Textiles- a DIPP recognized B2B social impact startup for fashion, is organizing “NNF DESIGN PRESENTATION-2021” during Fashion...

Turkey’s exports to UK surge in Q1 following post-Brexit FTA

Turkish exporters have seen a noteworthy surge in exports to the United Kingdom from January to March this year following the signing of a...

Turkish firms plan to spend $50 million to construct textile factories in Azerbaijan

Turkey-Azerbaijan Turkish firms plan to spend $50 million to construct textile factories in the liberated territory of Azerbaijan according to the TÜMKİAD (Turkish Association...
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