Economy News

Change of Leadership at Rieter

Thomas Oetterli has decided to step down from his function as CEO, effective October 31, 2026, and hand over the Chairmanship of the Board of Directors. “After the successful implementation...

Fine Spinners Uganda Invests $5 Million to Target Kenya’s Apparel Export Market

Fine Spinners Uganda Limited is investing an additional US$5 million in textile machinery as it seeks to become...

PM Modi’s Uzbekistan Visit: What It Means for the India-Uzbekistan Textile Trade

Indian Prime Minister Narendra Modi's two-day state visit to Uzbekistan on August 29–30, 2026, at the invitation of...

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...

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...

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ITKIB URGES GOVERNMENT FOR FINANCIAL SUPPORT

Istanbul Textile and Apparel Exporters Association (ITKIB) urged the government to provide financial support, including tax exemptions and debt delays, to help the sector...

Chinese economy bounces back into growth

China’s economy grew 3.2% in the second quarter following a record slump. The world’s second-biggest economy saw a sharp decline in the first three...

Just a few easy steps to reach the biggest Lighting online show

Global Light & Electron Portfolio Digital Exhibition Date: 15 -21 September Organizer: Zhejiang Honger Convention & Exhibition Co., Ltd. • ESTABLISH UNIQUE CONTACTS with top companies in...

Global Light & Electronic: The Latest Industry Trends Without Limits!

• Portfolio Digital Exhibition (Online Exhibition) • Attend the ONLINE trade show and be the first to know the latest industry trends without limits! • 15-19...

Indian Textile units welcome changes in ECLGS

‘Many of the medium-sized units will get much-needed liquidity support’ Textile units in the region have welcomed the Central government announcement raising the ceiling of...

Textile Industry Thanks Ministry for Change in Credit Scheme

The Indian Texpreneurs Federation (ITF) has expressed its gratitude to India’s Ministry of Finance for raising the annual turnover eligibility limit for companies seeking...

Third China International Import Expo to be held in November

BEIJING - The third China International Import Expo (CIIE) will be held as scheduled offline from November 5 to 10 in Shanghai amid the...

Saudi Arabia forces businesses not to trade with Turkey in effort to boost boycott

Saudi Arabia has been putting pressure on local businesses not to trade with Turkey and its industries in a bid to boost its unofficial...

Mali qualifies for AGOA benefits, USTR notifies

The Office of the United States Trade Representative (USTR) recently notified that imports of eligible products from Mali qualify for the textile and apparel...

UAE, China set to step up trade, people-to-people synergies in transition to digital economy

UAE is home to over 4,000 Chinese companies   DUBAI, 18th July, 2020 (WAM) -- Bilateral trade between the UAE and China will continue to surge...
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