Trade & Market

DGFT Spotlights India–UK Trade Pact Benefits

Textile Insights August 25, 2025

India’s Directorate General of Foreign Trade (DGFT) has highlighted the transformative potential of the recently concluded India–UK Comprehensive Economic and Trade Agreement (CETA), calling it a landmark deal that will open new export opportunities for Indian industries while reinforcing

Trade & Market

US Textile And Apparel Imports Up 2.5% In June

Textile Insights August 19, 2025

The Office of Textiles and Apparel (OTEXA) reported that U.S. imports of textiles and apparel reached 8.56 billion square meter equivalents (SME) in June 2025, up 2.5% compared to the same month last year. Textile imports totaled 6.53 billion SME, a 3.1% increase, while apparel imports edged up 0.5% to 2.04 billion SME. For the […]

Trade & Market

DGFT Removes Pre-Shipment TC Requirement For Organic Textile Exports

Textile Insights August 7, 2025

The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, has issued Policy Circular for removing the requirement for exporters to submit a Transaction Certificate (TC) at the time of shipment. The clarification, addressed to all regional DGFT authorities, customs commissionerates, and industry stakeholders, follows earlier

Trade & Market

UK Extends Zero Tariffs On Cambodian Exports Under DCTS

Textile Insights July 21, 2025

The United Kingdom will continue offering duty-free access for Cambodian exports, including clothing, electronics and other goods, under its Developing Countries Trading Scheme (DCTS), the British Embassy in Cambodia announced this week. The initiative is part of a broader effort to make trade with developing countries simpler and more beneficial by reducing costs for UK

Trade & Market

India, Japan Deepen Textile Ties In Tokyo

Textile Insights July 18, 2025

India’s textile diplomacy received a strategic boost as Union Minister of Textiles, Giriraj Singh, embarked on a high-level visit to Japan, aiming to deepen bilateral collaboration and position India as a key sourcing and manufacturing partner. During his visit, the Minister engaged with top Japanese industry leaders, including executives from Fast Retailing, Daiso

Trade & Market

UK Upgrades Trade Scheme To Boost Imports, Support Developing Countries

Textile Insights July 17, 2025

British consumers and businesses are set to benefit from new trade measures under an upgraded Developing Countries Trading Scheme (DCTS), aimed at lowering prices on everyday goods and supporting jobs and growth in developing nations. Announced on July 10th, the reforms will simplify imports from countries such as Bangladesh, Cambodia, Nigeria, Sri Lanka, and the […]

Trade & Market

Bangladesh Prepares For Final Round Of US Tariff Talks Ahead Of August 1 Deadline

Textile Insights July 17, 2025

Bangladesh will enter the third and final round of negotiations with the United States Trade Representative (USTR) next week, aiming to secure a more favorable tariff structure before the new 35% tariff on Bangladeshi imports takes effect on August 1, Commerce Adviser Sk Bashir Uddin announced Tuesday. Speaking at a press conference in Dhaka, Bashir […]

Trade & Market

Indian Textile Stocks Surge As US Slaps 35% Tariff On Bangladesh

Textile Insights July 9, 2025

Indian textile exporters saw a sharp rally on Tuesday morning after US President Donald Trump announced a 35% reciprocal tariff on Bangladeshi goods, effective August 1, 2025. The move boosted investor sentiment in Indian textile stocks, which are seen as potential beneficiaries of the shift in US sourcing preferences. Yesterday, Gokaldas Exports led the rally, […]

Trade & Market

India-UK FTA To Boost Exports, Remittances And Trade Ties: S&P Global

Textile Insights July 4, 2025

The recently finalised Free Trade Agreement (FTA) between India and the United Kingdom is expected to deliver substantial economic benefits, including a surge in Indian exports, enhanced worker mobility, and a boost in remittances, according to a report by S&P Global Market Intelligence. In 2024, Indian workers abroad sent home approximately US$ 130 billion, accounting

Trade & Market

India’s Textile Sector Urges Fairer ASEAN Trade Terms: Exim Bank

Textile Insights July 4, 2025

India’s textile industry is calling for a review of the ASEAN-India Trade in Goods Agreement (AITIGA), citing trade imbalances and limited market access as key concerns, according to a recent report by India Exim Bank. While India has taken a cautious stance on free trade agreements, its commerce with major ASEAN economies like Indonesia, Thailand, […]