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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Turkish, US officials discuss steps for $100B target

Turkey’s Trade Minister Ruhsar Pekcan and US Commerce Secretary Wilbur Ross on Saturday addressed steps to achieve a bilateral trade volume target of $100...

Turkey loses $3bn in trade under no-deal Brexit

Turkey’s exports to the UK are expected to drop by $2.4-3 billion, in the event of a no-deal Brexit, Turkish Trade Minister Ruhsar Pekcan...

EGYPT Textile : Technological Symposium for Italian Textile Machinery

UNIDO (United Nations Industrial Development Organization) is organising, in collaboration with ACIMIT, the Association of Italian Textile Machinery Manufacturers, and Italian Trade Agency, a...

International investors explore opportunities in Kazakhstan at Caspian Economic Forum

Kazakh Invest officials presented investment opportunities in Kazakhstan to foreign companies Aug. 11-12 at the first Caspian Economic Forum held in Turkmenistan, reports Invest.gov.kz. Kazakh...

India-Iran PTA to be concluded by 2019 end: Iranian envoy

India and Iran can conclude a preferential trade agreement (PTA) by this year end as very limited formalities are to be completed, ambassador of...

3,000 jobs for Kenyan workers by January 2020, says Mas Holdings!

Yes, that’s what the garment and textile manufacturer Mas Holdings Singapore has said. In its efforts to enhance Kenyan Government’s job creation plan, the...

Ethiopia and South Africa Unions Meet to Improve Collective Bargaining

Seven trade unionists from Ethiopia recently visited Cape Town to learn and understand strategies about collective bargaining and social dialogue. There cannot be a better...

Egyptian cotton; Sustainability Drive Boosts

Following a renewed period of emphasis on improving sustainability, Egyptian cotton production and exports are at their highest for five years, with season 2018-2019...

Angola Concludes Recovery of Three Major Textile Factories

The Angolan Government officially completed the recovery of three strategic textile factories—Textang II (Luanda), África Têxtil (Benguela), and the former Satec unit (Dondo, Cuanza...

UAE and Japan Collaborate to Empower People of Determination

A ten-member delegation headed by H.E. Abdulla Al Humaidan, Secretary-General of Zayed Higher Organization for People of Determination (ZHO) recently visited Japan to receive...
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