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 Begin 2021 With All-Time Monthly High

Turkey’s exports started the new year with the highest monthly figure ever as sales surpassed $15 billion (TL 107 billion) in January, the country’s...

Pak-Uzbekistan shows resolve to enter into PTA

Both side also discussed the possibility of establishment of Joint Cargo Company by private sector ISLAMABAD (Dunya News) – Pakistan and Uzbekistan on Monday resolved...

Vietnam ; 55 Billion USD Textile Export and 3 Million Jobs by 2025

The garment sector has set a target of earning 55 billion USD from export and generating 3 million jobs by 2025. The target was unveiled...

Cargo carried on Turkey-Iran railway set to reach 1M tons in 2021

BY ANADOLU AGENCY Turkey aims to increase the cargo transportation with its southern neighbor, Iran, this year, as some 1 million metric tons of cargo...

Vietnam, Israel to sign labour cooperation pact this year

Israel and Vietnam recently initiated negotiations over a labour cooperation agreement. At the virtual meeting, both sides discussed technical issues to clarify their labour...

IKEA publishes sustainability report FY20

IKEA has released a sustainability report for FY20 that covers collective efforts from the contributors in the IKEA franchise system and value chain. Company’s important...

Textile Industry Project to Employ 2,500 in SE Turkey’s Kilis

Kilis, a small province in southeastern Turkey, is set to become a regional hub for textile production with the establishment of Tekstilkent, a new...

Ethiopian Companies Participating in Khartoum Int’l Trade Fair

Addis Ababa January 23/2021 ( ENA) Ethiopia is taking part in a two-week Khartoum International Trade Exhibition , according to Ministry of Foreign Affairs. Embassy...

UNESCO includes Egyptian manual textile industry in Upper Egypt in list of intangible cultural heritage

CAIRO – 16 December 2020: On December 16, UNESCO included the Egyptian manual textile industry of the Upper Egypt region in the list of...

South Africa Eyes Enhanced Economic Cooperation with Turkey

BY ANADOLU AGENCY South Africa aspires for enhanced relations as well as further economic cooperation with Turkey in the future, the country’s charge d’affaires, Tshepo...
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