India is continuing discussions with the United States following the conclusion of a U.S. Trade Representative (USTR) investigation into import-related measures adopted by 60 economies, including India, under Section 301 of the U.S. Trade Act of 1974. The USTR has proposed additional tariffs on
Vietnam’s manufacturing sector regained momentum in May, supported by a strong recovery in new orders and increased production activity, according to the latest S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI). The PMI rose to 52.8 in May from 50.5 in April, reaching its highest level since February and signaling a solid improvement in
The India-Oman Comprehensive Economic Partnership Agreement (CEPA), which came into force on June 1, is expected to provide a significant boost to India’s textile and apparel exports by granting duty-free access to the Omani market and strengthening India’s trade connectivity with the Gulf region and East Africa. Signed in December 2025 and operationalized this
Domestic cotton prices have begun declining following the government’s decision to suspend the 11 percent import duty on cotton from June 1 to October 31, providing relief to spinning mills, textile manufacturers and exporters facing elevated raw material costs. Market participants reported an immediate correction in cotton prices, with further moderation expected as
Home décor and furnishings leader D’Décor has appointed Shailesh H. Joshi as Assistant Vice President – Sales & Marketing (Furniture & Furnishings), strengthening its commitment to expanding its presence in India’s rapidly evolving home textiles and upholstery fabrics market. Based at the company’s headquarters in Mumbai, Joshi will report
Union Minister for Textiles Giriraj Singh inaugurated a state-of-the-art Medical Textiles Testing Laboratory at the Andhra Pradesh MedTech Zone (AMTZ) in Visakhapatnam on 30th May, marking a significant step towards strengthening India’s medical and technical textiles ecosystem. During his visit to the AMTZ campus, the Minister reviewed various manufacturing and
China has said its recently agreed tariff framework with the United States will be implemented soon, with both sides maintaining close communication to finalise operational arrangements. A spokesperson for China’s Ministry of Commerce said the two countries are working to translate the agreement into action at the earliest, while expressing hope that the US will […]
Global shipping leaders have flagged rising freight costs and mounting capacity pressures as ongoing disruptions across key maritime trade routes continue to strain global commerce. During a meeting with WTO Director-General Ngozi Okonjo-Iweala, senior executives from leading shipping companies said rerouting cargo through alternative corridors is increasing operational
Global crude oil prices are unlikely to return to their pre-conflict levels of the high US$ 60s to low US$ 70s per barrel, with analysts expecting a prolonged period of elevated prices as supply chains gradually stabilise. According to Bank of America (BofA), even under an optimistic scenario, crude is expected to settle in a […]
India and Uzbekistan have signed a protocol concluding bilateral market access negotiations, marking a significant milestone in Uzbekistan’s ongoing accession process to the World Trade Organization (WTO). The development was announced by Uzbekistan’s WTO envoy and chief negotiator Azizbek Urunov, who said the substantive market access agreements with India had been





















