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Chinese retailers attract US customers due to low prices
Chinese brands like Temu, Shein and Aliexpress are attracting US customers in their millions, poll shows — and that's...
Uzbekistan’s Textile Exports Reach $1.5 Billion in First Half of 2024
Uzbekistan exported textile products worth $1.5 billion in the first half of 2024 to 55 countries, marking a 5.3%...
Turkey’s textile industry faces ongoing challenges amid 2024 sales hopes
Despite hopes for increased sales in 2024 due to its proximity to the EU, Turkey's textile industry continues to...
S&P Global Inc. (UK) joins ITMF as Corporate Member
S&P Global provides essential intelligence – analytics and workflow solutions in the global capital, commodity and automotive markets. One...
Bureaucratic procedures, import restrictions undermine Indian garment export
The Global Trade Research Initiative in report has stated that at the root of the exporters' problem is difficulty...
As textile exports remained stagnant industry players fear decline this fiscal
Textile and clothing exports posted a modest growth of 0.93 per cent in FY24, indicating that the sector may...
EU has granted approval for cumulation between Sri Lanka and Indonesia concerning textiles
The European Commission has granted groundbreaking approval for regional cumulation between Sri Lanka and Indonesia, focusing specifically on selected...
Rieter reports strong growth in order intake in the first half of 2024
In the first half of 2024, the Rieter Group posted an order intake of CHF 403.4 million (first half...
Bangladesh RMG sector facing up to 40 percent fewer orders as production cost rises
While export orders are on increase in India the Bangladeshi Apparel exporters are facing a 25-40 percent decline in...
Textile industry in India shimmers with promise
The future of the Textile industry in India shimmers with promise. Backed by Government initiatives and embracing innovation, the...
Rising shipping costs hit global trade hard
The effects of restrictions on shipping in the Red Sea and Panama Canal are being felt around the world....
RMG value addition falls over 55 percent in Jul-Mar of FY24
Business leaders of Bangladesh have urged the government to reconsider its export targets of $110 billion by 2027 under...
Türkiye defies downturn in global trade with increased exports
Exports worldwide declined modestly in the first quarter of the year, while Türkiye managed to buck the trend with...
Closed spinning mills in Bangladesh increase yarn imports
As Bangladesh's textile and spinning mills are struggling to produce yarn that forced fabric and apparel makers look elsewhere...
Knitwear and garment exporters ask Government to revisit shift from FTR to Standard Taxation
Expressing serious concern over the Finance Act 2024, the value-added textile exporters have urged the government to revisit the...
EU plan to impose import duty on cheap goods to end tax loophole exploited by Chinese brands
Following steps taken by the United States to check cheap textile imports the EU is also moving forward with...
Higher imports and lower exports widen trade gap widens in Bangladesh
Bangladesh’s exports that are led by textiles and readymade garments continue to remain under severe stress, dropping by a...
RMG fears rise in costs as export incentives further cut from July 1
Apparel sector that is the single largest export earner and also the biggest beneficiary of generous export support is...
Interloop plans to new investments in hosiery, denim, yarn dyeing and renewable energy
Interloop Limited (ILP), one of the leading Pakistani textile exporters, has approved expansion plans with an investment of $92.1...
World Bank grants $275 million credit to enhance Cambodia’s economic expansion
The World Bank's Board of Directors has greenlit a substantial $275 million credit package aimed at bolstering Cambodia's long-term...
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German textile machinery for a sustainable textile industry
In a position paper published, the companies organised in the VDMA Textile Machinery Association comment on the ambitious EU regulations and their national implementation...
