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Global cotton scenario this week
The local cotton market was near a crash as global cotton rates were under pressure. The rate of Future...
German exports to non-EU countries decline 2.6% in June 2024
In June 2024, German exports to non-EU countries experienced a notable decline. Based on the data from the Federal...
IMF projects Italy’s growth to average approximately 0.75% from 2024 to 2026
The International Monetary Fund (IMF) has projected Italy's economic growth to average around 0.75% annually between 2024 and 2026....
Textile sector allocations increased by 28 percent though tech upgradation fund reduced
Indian Finance Minister Nirmala Sitharaman has given a boost to the textile sector in Budget 2024, increasing the allotment by...
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%...
APTMA asks for revision of IPP’s agreements
Chairman All Pakistan Textile Mill Association (APTMA) North Kamran Arshad has urged the government to revise agreements with Independent...
UNECE measures to reduce environmental and social impact of secondhand clothing exports
The United Nations Economic Commission for Europe (UNECE) and the United Nations Economic Commission for Latin America and the...
EU’s deforestation regulation to challenge global textiles industry
The European Union's Deforestation Regulation (EUDR), which came into force in June 2023, aims to curb deforestation linked to...
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...
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...
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....
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...
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...
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...
Pakistani ginners go on strike against new taxes and power hike
Cotton ginners across the country have gone on an indefinite strike to protest against new taxes and rise in...
Heimtextil 2025: Carpets & Rugs is booming – and makes Frankfurt an annual fixed point for the global carpet industry
Even bigger, even more international, even higher quality: this is how the successfully established product group Carpets & Rugs...
Indian textile industry experts optimistic on recovery trends
India's textile exports increased by 11.2 percent in May 2024 compared to the previous year, marking the highest growth in 18...
Latest News
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...
