Trade & Market

EU–India FTA To Drive Sectoral Shifts Despite Limited Macro Impact: EY

Textile Insights April 7, 2026

The proposed EU–India Free Trade Agreement is set to reshape sector-level dynamics across Europe, even as its overall macroeconomic impact remains limited, according to the latest outlook by EY. The report indicates that while the agreement is unlikely to significantly alter EU GDP growth, it

Trade & Market

Piyush Goyal To Visit Canada In May As CEPA Talks Gain Momentum

Textile Insights March 30, 2026

India is set to intensify its global trade engagements as Piyush Goyal prepares for an official visit to Canada in May 2026, at a time when negotiations for a Comprehensive Economic Partnership Agreement (CEPA) between the two countries are gaining momentum. The proposed visit follows the formal launch of CEPA negotiations on March 2 and […]

Trade & Market

Indo-Tibet Trade Via Shipki La Set To Resume From June

Textile Insights March 24, 2026

The long-suspended Indo-Tibet trade route through the Shipki La pass in Kinnaur is set to reopen from June this year, marking a significant revival of traditional cross-border commerce halted since 2020 due to the Covid-19 pandemic. Himachal Pradesh’s Tribal Development and Revenue Minister Jagat Singh Negi said the easing of earlier restrictions and improving conditions

Trade & Market

India Boosts Trade, Investment Talks Globally

Textile Insights March 24, 2026

India’s push to deepen global economic partnerships and strengthen domestic industry gathered pace as Union Commerce and Industry Minister Piyush Goyal held a series of high-level interactions with international counterparts and business leaders. In a virtual meeting with Marcelo Ebrard, Secretary of Economy of Mexico, the discussions centred on expanding bilateral trade,

Trade & Market

Paraguay Clears Mercosur–EU Trade Pact, Paving Way For Mega Free Trade Zone

Textile Insights March 20, 2026

Paraguay has become the final South American nation to ratify the landmark Mercosur–European Union Free Trade Agreement, bringing the deal closer to implementation and creating one of the world’s largest free trade zones. The agreement, negotiated over 25 years, spans a combined market of over 700 million people and nearly 25% of global GDP. Paraguay’s […]

Trade & Market

Rising crude, Freight Costs Squeeze India’s textile sector

Textile Insights March 20, 2026

India’s textile industry is facing renewed pressure as rising crude oil prices and surging freight rates drive up input costs, tightening margins across the value chain. Raw material costs have increased by 20–25% in recent weeks, tracking crude oil prices crossing the US$ 100 per barrel mark. The impact is particularly significant for synthetic fibres […]

Trade & Market

West Asia Conflict Risks Disrupting Trade, Energy Supplies: Assocham

Textile Insights March 18, 2026

A prolonged conflict in West Asia involving the United States, Israel and Iran could significantly disrupt global trade and impact India’s energy security, supply chains and export flows, the Associated Chambers of Commerce and Industry of India (Assocham) has warned. The chamber highlighted the vulnerability of the Strait of Hormuz, through which nearly 20% of […]

Trade & Market

Textile Prices Show Mixed Trend In February WPI Data, Apparel Costs Edge Up

Textile Insights March 17, 2026

India’s latest wholesale price index (WPI) data for February 2026 indicates a nuanced trend for the textile and clothing sector, with selective inflationary pressures emerging across fibre, yarn and apparel segments, even as broader price stability persists in parts of the value chain. According to the Ministry of Commerce & Industry data release yesterday,

Trade & Market

PTA, MEG Price Volatility Pressures Polyester Value Chain

Textile Insights March 16, 2026

Rising prices of key polyester raw materials have begun to impact downstream textile manufacturers, as volatility in global crude oil markets continues to influence the synthetic fibre value chain. Prices of Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG), two major inputs used in the production of synthetic fibres, filaments and yarn, rose by […]

Trade & Market

US Import Cargo Volumes Seen Lower In H1 2026 Amid Tariff Uncertainty

Textile Insights March 16, 2026

Imports at major US container ports are expected to remain below last year’s levels during the first half of 2026, amid continued uncertainty around tariffs, according to the latest Global Port Tracker report released by the National Retail Federation in partnership with Hackett Associates. According to Jonathan Gold, Vice President for Supply Chain and Customs […]