Trade & Market

EU Customs Crackdown Seizes Textile Shipments Diverted To Grey Market

Textile Insights May 10, 2026

The European Anti-Fraud Office (OLAF), in coordination with Polish and Spanish customs authorities, has seized multiple containers of textiles suspected of being illegally diverted into the European Union’s grey market instead of being exported to Africa as declared. The operation targeted

Trade & Market

India, South Korea To Review CEPA On May 25

Textile Insights May 10, 2026

India and South Korea will hold official negotiations on May 25 to review their Comprehensive Economic Partnership Agreement (CEPA), which has been in force since January 2010, an official said. The discussions come amid India’s push for a more modern and balanced trade framework, with New Delhi proposing a fresh bilateral trade agreement to address […]

Trade & Market

Vietnam, Japan Target US$ 60 Bn Trade By 2030

Textile Insights May 6, 2026

Vietnam and Japan have strengthened their economic partnership with the signing of six bilateral agreements, setting ambitious targets of US$ 5 billion in annual Japanese investment and US$ 60 billion in bilateral trade by 2030. The agreements were formalised during high-level talks between Le Minh Hung and Sanae Takaichi, marking a significant step forward in […]

Trade & Market

India, UK Step Up Engagement Ahead Of Trade Pact Rollout

Textile Insights May 6, 2026

Piyush Goyal and Peter Kyle held a virtual meeting to accelerate trade and investment cooperation as both countries move toward implementing the India-UK Comprehensive Economic and Trade Agreement. Signed in July 2025, the agreement is expected to come into force once both sides complete their domestic ratification processes. The pact is set to significantly expand […]

Trade & Market

Egypt, Russia Sign MoU To Boost Maritime Trade And Logistics Cooperation

Textile Insights April 29, 2026

Egypt and Russia have signed a memorandum of understanding (MoU) to strengthen cooperation in maritime trade, transport and logistics, marking a step forward in bilateral economic ties. The agreement was signed by Egypt’s Minister of Transport Kamel El-Wazir and Nikolai Patrushev, aide to Russian President Vladimir Putin and Chairman of the Russian Maritime Council, during

Trade & Market

Bangladesh–U.S. Trade Pact Raises Concerns For Textile And Cotton Sectors

Textile Insights April 27, 2026

A newly concluded ‘Reciprocal Trade Agreement’ between Bangladesh and the United States has sparked widespread debate, particularly over its implications for the country’s textile and apparel industry. Announced in February, the agreement covers a broad range of areas, including tariffs, non-tariff barriers, digital trade, labour and environmental standards. However, many

Trade & Market

Vietnam–Argentina Trade Talks Gain Momentum With Focus On Cotton And Textile Inputs

Textile Insights April 27, 2026

Vietnam and Argentina are accelerating efforts to deepen bilateral trade ties, with a strong focus on securing raw material supply chains for the textile industry particularly cotton as both sides push to conclude a preferential trade agreement (PTA) between Việt Nam and the MERCOSUR bloc. The development follows a recent virtual meeting between Deputy Minister […]

Trade & Market

India Urges US To Drop Section 301 Investigation

Textile Insights April 20, 2026

India has strongly opposed the ongoing Section 301 investigation initiated by the United States Trade Representative into alleged forced labour practices, asserting that the probe lacks legal basis and fails to identify any specific policy or practice within the country that could lead to such violations. In its formal submission to the United States Trade […]

Trade & Market

Ministry Of Textiles Plans Duty Cuts To Shield Textile Sector

Textile Insights April 20, 2026

The Ministry of Textiles is considering duty reductions on rayon pulp and select cotton, along with deferring anti-dumping duties on certain yarns, to protect the textile industry from disruptions linked to the West Asia crisis, as per media reports. The ministry is also evaluating removal of the minimum import price (MIP) on key knitted fabrics […]

Trade & Market

Hormuz Disruption To Pressure GCC Chemical Exports & Margins: S&P

Textile Insights April 13, 2026

Partial easing of the disruption in the Strait of Hormuz is expected during April, but lingering constraints could continue to impact global trade flows and downstream sectors across the GCC for months, according to S&P Global Ratings. The agency noted that the extent of the impact on Middle East chemical producers will largely depend on […]