Economy News

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 fiber, yarn, and fabric production to finished sewn products issued the...

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...

Ferraro S.p.A. acquires the “Finishing” business unit of Cibitex S.r.l.

Ferraro S.p.A. and Cibitex S.r.l. are pleased to announce the completion of the agreement pursuant to which Ferraro...

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Eswatini Urged to Diversify Textile Export Markets as AGOA Nears End

Eswatini can no longer rely predominantly on its traditional export markets for textile and garment products if it aims to sustain and expand its...

D-8 Ministers Adopt Cairo Declaration, Advance Preferential Trade Talks

Trade ministers from the Developing-8 (D-8) group adopted the Cairo Trade Declaration at the conclusion of their ministerial meeting held on December 2, 2025,...

The World’s Biggest Carpet Fair: ICFE 2026 Combines Commerce with Design and Art

ICFE (International Carpet & Flooring Expo) -the global meeting point of the carpet industry- is preparing to open its doors for the third time...

Turkmenistan’s “Serdar” Spinning Mill Strengthens Its Position in Global Yarn Market

The «Serdar» cotton spinning mill, operating under the Ministry of Textile Industry of Turkmenistan and located in Dashoguz, continues to consolidate its reputation as...

What Is rPET?

As sustainability becomes a priority in the textile industry, rPET has emerged as one of the most impactful innovations of recent years. Made from...

Egypt’s Textile Producers Decry Aggressive Marketing by Competitors

Egypt’s textile manufacturers are raising concerns over what they describe as increasingly aggressive marketing tactics from foreign competitors—particularly from Turkey—warning that these practices threaten...

A Deep Look into the Fuel and Energy Consumption in the Textile Industry

The global textile and fashion industry, valued at nearly one trillion dollars, remains one of the most energy-intensive and resource-hungry sectors of the modern...

Afghanistan Announces Growth in Manufacturing Sector as Number of Factories Reaches 6,000

The Ministry of Industry and Commerce of Afghanistan has announced a significant expansion in the country’s industrial sector, confirming that the number of active...

Morocco and Egypt Emerge as New Global Garment Manufacturing Powerhouses

As global apparel brands reassess sourcing strategies amid rising production costs and shifting supply chains in Asia, two North African nations—Morocco and Egypt—are rapidly...

Cameroon Set to Launch Camtext SA, a $300 Million Cotton-to-Textile Mega Project

A high-powered consortium—comprising Panafritex (the textile arm of Arise), Sodecoton, CNPS, and Marlo Properties Fincorp—is preparing to launch Camtext SA, a major integrated cotton-to-textile...
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