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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US Textile-Apparel Fibre Imports Rise in 2019

US net textile and apparel fibre imports increased for the third consecutive year in calendar 2019, as consumer demand for clothing remained strong. Net...

25 mn jobs could be lost worldwide due to COVID-19: ILO

The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, according to a new assessment by...

Imran Khan Says Increasing Exports Pakistan’s Top Priority

Raising exports is the top priority of Pakistan, which is revamping the economy, according to Prime Minister Imran Khan, who said economic targets will...

COVID-19 likely to cost economy $1 trn in 2020: UNCTAD

The novel coronavirus COVID-19 outbreak could cost the global economy up to $1 trillion this year, according to a recent report released by the...

15 of The Middle East’s Most Sustainable Companies

Among the standard tales of political gameplay, trade movements and health scares that regularly hit the headlines, these days you’d be hard-pressed to go...

Iran’s Exports of Petrochemical Products Rises by 5%

Iran’s petrochemical exports during the first 10 months of the current Iranian year (March 21, 2019-January 20, 2020) rose by 5 per cent over...

GHANA WASTE EXPOSÉ: RECYCLING ASSOCIATION LAMBASTS DUMPING

The UK’s Textile Recycling Association (TRA) has reiterated that there should be no waste within shipments of clothes sent to African retail markets, after...

An Industry Goes Viral

The outbreak of the novel coronavirus (COVID-19) in China is already having an impact on the global textiles-apparel-fashion industry, writes Subir Ghosh When the novel...

Turkey Accepts Morocco’s FTA Ultimatum, Reviews Agreement

Morocco’s government said Turkey must accept the proposal to review the FTA or dissolve the agreement. Rabat – The Moroccan government announced that Turkey decided...

LONDON STARTS TO TAKE AFRICA SERIOUSLY

The UK has perhaps the widest range of economic, political, cultural and historical ties with Sub-Saharan Africa of any non-African state. Yet successive British...
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