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Economy News

State-of-the-Art Needling Technology Installed by Dilo Systems GmbH at ALMA SPA, Italy

ALMA in Florence is a specialist in the floor covering sector providing high quality products in a vast range of styles, colours and aesthetics. For its own fibre supply...

Empowering design innovation at Robert Mackie: UKFT’s Young Textile Technician Fund

Two members of the design team at Robert Mackie of Scotland, have completed specialist training on Stoll Create...

Last Chance to Join EDANA’s Innovation Forum!

Brussels, 14th of May 2025 – The countdown is on! With just 4 weeks to go, the EDANA...

Flexi-Light PET: Outstanding, sustainable sound insulation for vehicles

Polyurethane foam has traditionally been used to reduce noise, vibration and harshness (NVH) in vehicles, contributing to passenger...

Saurer to Showcase Cutting-Edge Spinning and Twisting Technology at International Textile Forum in Tajikistan

Saurer Group is pleased to announce its participation in the upcoming International Forum and Textile Equipment Exhibition, taking...

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US Textile Industry Supports Move to End De Minimis Trade Loophole for All Countries by 2027

The U.S. textile sector has voiced strong support for a new provision included in the House Ways & Means Committee’s budget reconciliation bill that...

Kenya Turns to EU for Export Growth Amid Trump Tariffs

As U.S. tariffs under President Donald Trump's administration continue to challenge African economies, Kenya is intensifying efforts to expand its export footprint in Europe...

American Circular Textiles Urges Biden Administration to Prioritize Domestic Textile Infrastructure in Trade Policy

American Circular Textiles (ACT) has called on the U.S. administration to place textiles at the forefront of trade and industrial policy, warning that the...

India Eyes $100 Billion Textile Export Goal with Strategic Roadmap by Primus Partners

Primus Partners, a leading Indian consulting firm, has launched an ambitious strategic roadmap to propel India’s textile exports to USD 100 billion over the...

Uncertainty Around AGOA Renewal Prompts Africa to Rethink Trade Strategies

As the 25-year-old African Growth and Opportunity Act (AGOA) approaches its September 2025 expiration, experts across the continent are urging a strategic reassessment of...

UludaÄŸ Exporters’ Associations Close 2024 with Record-Breaking $38.6 Billion in Exports

Uludağ Exporters' Associations (UİB), Turkey's second-largest export hub according to General Secretariat data, concluded 2024 on a high note with an impressive $38.6 billion...

Ethiopia’s Textile Sector Faces Crisis Amid Calls for Minimum Wage Reform and Policy Overhaul

Ethiopia’s textile and garment industry, once hailed as a pillar of the nation’s industrialization strategy, is under growing pressure due to critical policy gaps...

Gas Crisis Threatens Bangladesh’s Textile and Garment Industries, Jeopardizing $70 Billion Investment

Bangladesh’s critical textile and readymade garment (RMG) sectors are grappling with a severe energy crisis as dwindling gas supplies disrupt production, placing an estimated...

U.S. Closes De Minimis Loophole, Boosting Domestic Textile Industry

The U.S. textile industry is celebrating a major policy shift following the closure of the de minimis import loophole, a move that has long...

U.S. Slams China’s Unfair Textile Trade Practices Amid Plant Closures

The United States has strongly criticized China’s trade practices in the textile and apparel sector, attributing the shutdown of 28 U.S. textile manufacturing plants...
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