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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Mohawk provides employees COVID-19 vaccine access

Home  COVID-19  COVID-19-home  Mohawk provides employees COVID-19 vaccine access Calhoun, Ga.— As many states began to advance their vaccine availability this month, Mohawk Industries leadership said it immediately...

Turkey-Azerbaijan trade to reach $15B with investments, FTA

An increase in the mutual investments and commissioning of a free trade agreement (FTA) could easily pave the way for Turkey and Azerbaijan to...

High-tech solutions for the textile industry in Asia

KARL MAYER will once again be presenting itself as a pioneer of digitalisation at ITMA ASIA + CITME, located in Hall 4, Stand A...

Istanbul-based firms’ export worth $6.1 bln in February

ANKARA- Anadolu Agency Istanbul-based companies achieved $6.1 billion worth of exports last month, taking a 38.2% share in Turkey's exports, according to information compiled from...

Turkey, Uzbekistan ink deal to enhance economic ties

A memorandum of understanding (MuO) was inked Tuesday between Turkey and Uzbekistan as the two countries look for ways to improve bilateral relations and...

Morocco Largest Arab Exporter to Brazil in January

By Safaa Kasraoui Rabat – In January 2021, Morocco exported $100 million of goods to Brazil, making the country the top Arab exporter to the...

Top 5 Bestselling, Popular Clothing Brands In Iran

By Mahlagha Sadoughi /  Kohan Textile Journal / kohanjournal@gmail.com Until a few years ago, many Iranian clothing manufacturers were almost anonymous and did not have...

Saudi imports of Turkish goods plunge after informal boycott

The value of Saudi Arabia’s imports from Turkey in December dropped to their lowest level in at least a year, Saudi official data showed...

Iran allocates €200m for promoting exports to Africa

Iran’s National Development Fund (NDF) has opened a €200 million credit line for the country’s Trade Promotion Organization (TPO) to use for developing exports...

Trade between Iran, EAEU stands at $1.8b in 10 months

TEHRAN- The value of trade between Iran and the Eurasian Economic Union (EAEU)’s member states stood at $1.8 billion during the first 10 months...
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