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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China Lost Position in its Denim Apparel Exports to the US

The global denim apparel trade experienced a significant shift in early 2020 as the COVID-19 pandemic disrupted supply chains and reshaped sourcing patterns in...

Vietnam’s textile-garment exports drop with few orders29

Vietnam’s textile and apparel export turnover in 2020 is expected to reduce by a fifth compared to 2019 figures, according to the Vietnam National...

What is a Textile Engineering Degree?

The material in everything from the clothes you wear to your favourite room was created by textile engineers. If you like the idea of...

Istanbul’s Iconic Grand Bazaar Reopens after Longest Closure in History

Istanbul’s iconic Grand Bazaar, a 560-year-old covered market, reopened its doors on Monday after its longest closure in history due to the coronavirus pandemic. The...

Angola: Alassola Factory to Produce 500k Masks/Month

The Alassola textile factory in Benguela, located in the centre-west of Angola, has begun large-scale production of face masks as part of the national...

Standards for washable face masks set

Turkey has set the standards for the production of washable face masks, an important step amid the coronavirus normalization process. The Turkish Standards Institute (TSE),...

Tunisia’s GDP down 1.7% in Q1 of 2020 compared to 2019

Tunisia's GDP dropped 1.7% in the first quarter (Q1) of 2020 compared to the same quarter of 2019 and 2% compared to Q4 of...

LVMH on Top of the World’s Largest Apparel Companies 2020

While retail spending in the United States took the steepest nosedive in March, industry biggies tend to be poised to thrive on the 18th...

POST COVID-19 INDUSTRY TO SHIFT TO CONSCIOUS CONSUMPTION

During Fashion Snoops’ ‘Making sustainability the new normal’ discussion last week, many fashion experts anticipated an industry-wide shift to conscious consumption in the post-pandemic...

AMAZON TO Amazon Eyes JC Penney Takeover to Redefine U.S. Retail LandscapeBUY JC PENNEY

Amazon is reportedly planning to acquire U.S. department-store giant JC Penney, a potential move that could transform the future of American retail. According to...
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