Trade & Market

Vietnam, Uruguay Strengthen Textile Trade Ties

Textile Insights August 20, 2026

Vietnam and Uruguay have agreed to strengthen economic, trade and investment cooperation, with a focus on improving market access and diversifying trade in garments, textiles, footwear and raw materials. The agreement was reached at the fourth meeting of the Vietnam-Uruguay Joint Committee in

Trade & Market

US Imposes Additional 12.5% Tariff On Turkish Apparel Exports

Textile Insights August 11, 2026

The Office of the United States Trade Representative (USTR) has announced additional customs duties ranging from 10% to 12.5% on imports from 60 trading partners following investigations under Section 301 of the Trade Act of 1974 related to the enforcement of restrictions on goods produced through forced labour. Türkiye has been assigned an additional tariff […]

Trade & Market

Indian Textile Exporters Face Competitive Pressure In US Despite Lower Section 301 Tariff: Emkay Research

Textile Insights August 11, 2026

Indian textile and apparel exporters may face increased competitive pressure in the US market despite India being placed in a relatively favourable tariff bracket under the latest Section 301 measures, according to a report by Emkay Research. The report noted that India has been subjected to a 10 per cent Section 301 tariff, lower than […]

Trade & Market

US Apparel Imports Decline During Jan-May 2026 With Sharp Slide in China Shipments

Textile Insights August 9, 2026

US apparel imports continued to weaken during the Jan-May 2026 period, with total imports falling by 9.1 per cent compared with the same period last year, reflecting softer sourcing activity and a sharp decline in shipments from China. According to the latest trade data, US apparel imports during the January–May 2026 period were valued at […]

Trade & Market

FTAs Open Access To US$60 Trillion Markets, Says Piyush Goyal

Textile Insights July 30, 2026

India’s recent Free Trade Agreements (FTAs) with major global economies are providing Indian businesses access to markets worth nearly US$ 60 trillion, strengthening the country’s export competitiveness and supporting its ambition to emerge as a global manufacturing and export hub, Union Commerce and Industry Minister Piyush Goyal has said. Sharing a video

Trade & Market

India-US Trade Deal Hinges On Competitive Tariff Access, Says Goyal

Textile Insights July 30, 2026

The first phase of the proposed India-US Bilateral Trade Agreement (BTA) will come into effect only after the United States restores India’s tariff competitiveness vis-à-vis rival exporting nations, Commerce and Industry Minister Piyush Goyal has said. Addressing concerns over the progress of the long-awaited trade pact, Goyal stated that the understanding reached

Trade & Market

West Asia Crisis Highlights What India Must Fix To Reach US$100 Billion Textile Exports

Textile Insights July 30, 2026

India’s textile and apparel exports have remained around the US$ 40 billion mark for nearly six years, despite the industry’s ambition to reach US$ 100 billion by 2030. The ongoing West Asia crisis has disrupted trade routes and logistics, but it has also exposed deeper structural challenges that India must address to accelerate export growth. […]

Trade & Market

Goyal Says India-UK Trade Pact To Strengthen Global Growth

Textile Insights June 26, 2026

Union Commerce and Industry Minister Piyush Goyal has said the India-UK Comprehensive Economic and Trade Agreement (CETA) will strengthen bilateral economic ties and act as a catalyst for global growth by enhancing cooperation in trade, investment, technology and strategic sectors. Speaking at the India Global Forum’s UK-India Week 2026 in London, Goyal said the

Trade & Market

China–Kenya Chambers Sign MoU To Strengthen Bilateral Cooperation

Textile Insights June 22, 2026

The China Chamber of Commerce for Import and Export of Machinery and Electronic Products and the Kenya National Chamber of Commerce and Industry have signed a Memorandum of Understanding (MoU) to strengthen bilateral cooperation through trade facilitation, knowledge exchange and joint research initiatives. The agreement aims to deepen industrial and commercial ties,

Trade & Market

India–Oman CEPA Boosts Duty-Free Apparel Trade

Textile Insights June 22, 2026

The implementation of the India–Oman Comprehensive Economic Partnership Agreement (CEPA) is reshaping apparel trade between the two countries by removing import duties on a wide range of textile and garment products, making India a more competitive sourcing destination for GCC fashion brands. Under the agreement, Oman has granted duty-free access to over 98% of tariff […]