Trade & Market

South African Government Confirms Textile Sector’s Role In Economic Recovery

Textile Insights June 16, 2025

South Africa’s Deputy Minister of Trade, Industry and Competition, Andrew Whitfield, has reaffirmed the pivotal role of South Africa’s clothing and textile sector in driving economic recovery and re-industrialisation. Speaking at the Annual General Meeting and 20-year anniversary

Trade & Market

Piyush Goyal Strengthens Economic Ties With Switzerland And Sweden

Textile Insights June 16, 2025

Union Commerce and Industry Minister Piyush Goyal concluded a successful two-day visit to Switzerland (June 9–10) and commenced his official engagements in Sweden today. In Switzerland, the focus was on advancing bilateral economic ties and operationalising the India–EFTA Trade and Economic Partnership Agreement (TEPA) signed earlier this year. Goyal held high-level

Trade & Market

Dun & Bradstreet Report: India Faces Margin Heat, Eyes Export Gains

Textile Insights May 21, 2025

India stands at a critical crossroads in global trade as geopolitical tensions and tariff realignments reshape international commerce. A recent whitepaper by Dun & Bradstreet, titled “Navigating the Fault Lines of Global Trade: An Indian Perspective”, highlights how Indian exporters are navigating a dual challenge: preserving profitability amid rising U.S.

Trade & Market

India-UK Apparel, Home Textiles Trade Set To Double Under FTA: ICRA

Textile Insights May 20, 2025

India’s apparel and home textiles trade with the UK is expected to double over the next five to six years, driven by the recently concluded Free Trade Agreement (FTA) between the two nations, according to credit rating agency ICRA. The FTA is anticipated to come into effect by calendar year 2026, pending legal formalities. Signed […]

Trade & Market

Vietnam Tackles US Tariffs With Reforms And Diversification

Textile Insights May 8, 2025

Vietnam’s textile and garment industry, a cornerstone of its export economy, recently faced heightened challenges as the U.S. moved ahead with proposed tariff hikes that could increase duties on textile exports from the previous 15–16% to as high as 61–62%. With the U.S. accounting for 40% of Vietnam’s US$44 billion textile exports in 2024, the […]

Trade & Market

India Withdraws Trans-Shipment Facility For Bangladesh Export Cargo

Textile Insights April 10, 2025

The government has withdrawn the trans-shipment facility that allowed Bangladesh to export goods to third countries via Indian land customs stations, ports, and airports. The facility, introduced in June 2020, enabled seamless cargo movement to nations such as Bhutan, Nepal, and Myanmar using Indian infrastructure. The Central Board of Indirect Taxes and Customs (CBIC), in

Trade & Market

Vietnam-India Business Meeting Strengthens Trade And Investment Ties

Textile Insights March 29, 2025

A Vietnam-India business meeting was held in New Delhi on March 26 to support Vietnamese enterprises in enhancing competitiveness and expanding their presence in the Indian market, further strengthening bilateral trade and investment. Ranjeet Mehta, Secretary-General and CEO of the PHD Chamber of Commerce and Industry (PHDCCI), emphasized the trade potential between both

Trade & Market

Bangladesh Set To Gain As U.S. Tariffs Reshape Global Cotton Jersey Market

Textile Insights March 20, 2025

Global trade dynamics for cotton jerseys and pullovers (HS-611020) are shifting as the U.S. imposes higher tariffs on Chinese exports, positioning Bangladesh and Cambodia to benefit from the evolving market landscape. Cotton jerseys and pullovers remain among the most imported apparel items worldwide, valued for their versatility, comfort, and consistent year-round demand.

Trade & Market

Indonesia Pushes For Early Completion Of IEU-CEPA To Boost Textile Industry

Textile Insights March 20, 2025

The Indonesian government has called for the swift completion of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) to protect and strengthen its textile industry amid global geopolitical uncertainty. Coordinating Minister for Economic Affairs Airlangga Hartarto highlighted that the European Union (EU) is Indonesia’s largest market for

Trade & Market

Italian Textile Machinery Orders Decline 19% In Q4 2024

Textile Insights February 19, 2025

In the fourth quarter of 2024, the index of orders for Italian textile machinery, compiled by ACIMIT’s Economics Department, dropped by 19% compared to the same period in 2023. The index stood at 49.6 points (base 2021=100). The decline was driven by weak foreign demand, despite a modest 6% rise in domestic orders. Overseas, orders […]