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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Zambia 36th country to ratify AfCFTA agreement

Zambia recently submitted the instruments of its ratification of the African Continental Free Trade Area (AfCFTA) agreement to the African Union Commission, according to...

Turkey eyeing more investments in Ethiopia: Envoy

Turkey is aiming to expand its investments in Ethiopia which already add up to billions of dollars, Ankara's ambassador to the African nation said. Turkey's...

Palestine welcomes Turkey’s industrial zone in W. Bank

Awad Rajoub RAMALLAH, Palestine - The Palestinian government has welcomed Turkish President Recep Tayyip Erdogan's decision to establish an industrial zone in the West Bank...

How to Transition to a Circular Economy for Textiles?

Circular fashion textiles have been an important part of our lives and culture for a long time now, with a range of items varying...

Turkey Keen To Establish Own Economic Zone In Bangladesh

Turkish investors are keen to establish their own economic zone in Bangladesh with huge investments in energy, health care, ICT, textile and agri-processing sectors,...

Turkey wants to be among world’s 10 biggest economies

Turkish President Recep Tayyip Erdogan recently announced an ambitious plan to make the country the tenth largest economy in the world by engaging in...

Iranian polymer production capacity to rise 120% by 2025

TEHRAN – Iran’s polymer production capacity is going to increase by 120 percent by the Iranian calendar year 1404 (begins on March 21, 2025)...

Iran Plast expo running in Tehran

TEHRAN - The 14th International Exhibition of Plastic, Rubber, Machinery, and Equipment (IRAN PLAST) of Iran was opened at the Tehran Permanent International Fairground...

S Korea, Cambodia Finalise Free Trade Agreement

South Korea recently finalised a free trade agreement (FTA) with Cambodia to boost ailing exports amid the COVID-19 pandemic. Trade minister Yoo Myung-hee and her...

Turkey’s mask, cologne exports soar 22-fold in pandemic year

Turkey’s single-use medical mask and cologne exports increased by 22 times last year reaching $244 million (TL 1.7 billion) amid a worldwide soar in...
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