Trade & Market

Piyush Goyal Assures Textile Sector Of Safeguards In India-US Trade Talks: AEPC

Textile Insights June 30, 2025

Commerce and Industry Minister Piyush Goyal has assured industry representatives that the government will safeguard the interests of the textiles and apparel sector during the ongoing negotiations for the India-US Bilateral Trade Agreement, the Apparel Export Promotion Council (AEPC) said on

Trade & Market

Vietnam, US Advance Toward Bilateral Trade Agreement In High-Level Talks

Textile Insights June 24, 2025

Vietnam and the United States have taken a significant step toward finalizing a reciprocal trade agreement, following a virtual ministerial-level meeting aimed at resolving key outstanding issues in the ongoing negotiations. The online session brought together Vietnam’s Minister of Industry and Trade Nguyen Hong Dien, US Secretary of Commerce Howard Lutnick, and US Trade

Trade & Market

EU Textile & Clothing Imports Surge; Exports To Asia Decline

Textile Insights June 23, 2025

European imports of textiles and clothing soared in the first quarter of 2025, driven by a sharp rise in Asian shipments ahead of escalating U.S.-China trade tensions, according to data from the French Fashion Institute (IFM). Compared to the same period last year, clothing imports rose by 21% and textile imports by 16%, despite remaining […]

Trade & Market

Indonesia Ends Anti-Dumping Probe On Chinese Synthetic Yarn

Textile Insights June 23, 2025

On June 16, 2025, Indonesia’s Anti-Dumping Committee (KADI) officially announced the termination of its anti-dumping investigation into synthetic fibre filament yarn imported from China. In Announcement No. AD.02/253/KADI/06/2025, KADI cited insufficient domestic supply as a key reason, concluding that imposing anti-dumping duties would not serve the national interest. The

Trade & Market

Turkiye’s Trade Sales Up 9.6% YoY In April; Textile Retail Slumps

Textile Insights June 20, 2025

Turkiye’s trade sales volume increased by 9.6% in April 2025 compared to the same month last year, according to data released by the Turkish Statistical Institute. The growth was largely driven by a strong performance in the retail trade segment, which rose by 11.5% year-on-year. Wholesale trade also contributed to the annual gain, registering an […]

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 celebration of the Cape Clothing and Textile Cluster (CCTC) held at UVU Africa in Cape

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 […]