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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IsDB Group implements 80 projects in Senegal worth US$2.6 billion

Dr Bandar Hajjar, Chairman of the Islamic Development Bank Group (IsDB Group), stated that IsDB Group is currently implementing 80 development projects in Senegal...

Saudi issues 506 new foreign investment licences in H1

Riyadh – Mubasher: A total of 506 new international companies were granted investor licences during the first half (H1) of 2020, according to the...

Turkey Offers an Opportunity to Access Global Markets via Free Trade Agreements

Free Trade Agreements (FTAs) enable boosting trade and social relationships between two or more countries. Reducing duty expenses and trade barriers, they help address...

Kenya’s Nguo Yetu To Expand Global Distribution Footprint

Nguo Yetu, an apparel company from the Kenyan export processing zone (EPZ) plans to engage Kenyans working abroad, including the United States to expand...

Ethiopia acquisition the latest African market expansion for dmg events

International events company, dmg events acquires Ethiopian construction exhibition Addisbuild Addisbuild by The Big 5 Construct Ethiopia will run in 14 to 16...

G-Light and Electron 2020 welcome to Middle East and North African Buyers

An Interview with Ms. Linda Lin – General Manager of Zhejiang Honger Convention and Exhibition Co., Ltd By: KohanPR Hoer Exhibition, to become the bridge between global...

Autefa Solutions, well prepared for CINTE/Techtextil 2020

The spunlace sector is still competitive for end-product manufacturers. Autefa Solutions offer complete lines for the production of direct and cross lapped spunlace products....

Egypt Secures $500m Funds, Grants to Combat COVID-19

The Egyptian Ministry of International Cooperation has been keen on strengthening international collaboration to support the country’s national efforts and fight the pandemic, both...

UZBEKISTAN TEXTILE AND GARMENT EXPORTS INCREASE

From January to July this year, Uzbekistan’s textile and garment exports increased 112 per cent to $1 billion. This was due to the opening of...

Global Exports of Cotton Yarn Expected to Strengthen

The global export of cotton yarns has reportedly declined 9.5 per cent from $14,565.80 million in the year 2017 to $13,182.02 million in 2019....
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