Tag: trade
Apparel
Bangladesh’s Garment Sector on Edge Due to Iran-Israel War
The conflict between Iran and Israel poses challenges for other businesses and the rising oil price due to the war may have a decisive...
News
Mixed Performance in 2024 Global Textile Machinery Shipments
In 2024, global shipments of new short-staple spindles and open-end rotors decreased by -40% and -39%, respectively (year-on-year). Draw-texturing spindles numbered rose by +77%...
Apparel
Turkey and EU Discuss Customs Union for Trade Enhancement
The current framework is more restrictive than facilitative for mutual trade relations, Gültepe said during a conference titled “The Transformation Journey of the Turkish...
Apparel
EU Council & Parliament Finalize CBAM Simplification Deal
The European Council presidency and European Parliament’s negotiators reached a provisional agreement yesterday on one of the proposals of the so-called ‘Omnibus I’ legislative...
Apparel
India Leads Apparel Exports, Surpassing China and Bangladesh
The global textile industry is going through a huge transition as the buyers shift away from Bangladesh and China. India has now become a...
Apparel
The Impact of Hormuz Closure on Global Textile Trade
The Strait of Hormuz is a crucial maritime corridor through which approximately 20% of the world's oil and liquefied natural gas (LNG) passes. Recent...
Apparel
US Tariffs Harming Sustainable Fashion Brands
In an evolving global economy, the fashion industry faces numerous challenges, particularly concerning tariffs. Recent analyses reveal that current tariff policies are adversely affecting...
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