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ITCPE 2025

Economy News

India Achieves 7% Growth in Textile Exports

India's textile exports, including handicrafts, recorded a 7% increase from April to December 2024, reinforcing the country’s position as a key player in the global textile market. Minister of...

UAE and Central African Republic CEPA to Boost Trade Beyond AED3.67 Billion

The UAE and the Central African Republic (CAR) have signed a Comprehensive Economic Partnership Agreement (CEPA) aimed at...

NCTO Expresses Concern Over President Trump’s Tariffs on Mexico and Canada

The National Council of Textile Organizations (NCTO) has raised serious concerns regarding the Trump administration’s recent decision to...

Africa’s Economic Challenges: An Opportunity for Transformation, Says UNCTAD

Africa’s economic struggles, marked by dependency on volatile global markets, infrastructure deficits, and escalating debt, offer a unique...

EURATEX Urges Stronger Enforcement for Fair and Safe E-Commerce in the EU

The European Commission’s latest communication on e-commerce highlights growing concerns over direct-to-consumer imports via online marketplaces. EURATEX supports...

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ITCPE 2025

Sri Lanka economic relations with Yazd will improve

In a meeting with Yazd economic activists in the center of Iran, he added efforts are underway to pave the ground for investment, concluding...

Arvind to reduce 20,000 tonnes carbon emissions annually

Arvind is aiming to reduce carbon emissions by 30 per cent with the installation of rooftop solar projects across its Ahmedabad, Santej and Bangalore...

Germany promises Tunisia 7,450 jobs over 2 years

During a two-day working visit to Tunisia, German Federal Minister for Economic Co-operation and Development, Dr. Gerd Müller, announced  the signing of new declarations...

Wool prices advance at Australian wool auctions this week

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) advanced by 7ac clean/kg for the week to close at 1934ac. When measured in USD, the positive...

Soon 90% of GST payers to file quarterly return: FM

Soon, businesses comprising over 90 per cent of goods and services tax (GST) payers will be allowed to file quarterly return, finance minister Piyush...

McDermott bags ethylene furnace award in Indonesia

McDermott International, Inc has been awarded a sizeable technology contract by PT Chandra Asri Perkasa for the detailed engineering of 8 proprietary SRT (Short...

US sets new March 2 date for China tariff rise amid talks

The US Trade Representative’s (USTR) office recently changed the scheduled date of a tariff rate rise to 25 per cent from 10 per cent on $200...

Pakistan-Italy MoU to expand economic, trade cooperation

Pakistan-Italy MoU :: Pakistan and Italy recently signed a memorandum of understanding (MoU) to enhance economic and trade cooperation in various sectors including agriculture, textile, clothing, leather,...

1st specialized free zone for textile industry in Egypt

The world’s first specialized free zone for the textile industry is under construction in Egypt’s Minya Governorate, the chief executive officer of the General...

Morocco’s Exports to Spain up 6.7 % in First Seven Months of 2018

Morocco’s exports to Spain increased by 6.7% in the first seven months of 2018 compared with the same period last year, the EU statistics...
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