Tag: trade
Apparel
US-Vietnam Trade Deal Sparks Concern for Apparel Sector
In a recent announcement, President Donald Trump unveiled a new trade agreement with Vietnam, imposing a 20% tariff on imports from the Southeast Asian...
Apparel
US Senate Votes to End De Minimis Shipping Exemption
On July 1, 2025, the U.S. Senate approved a provision to permanently eliminate the de minimis exemption as part of a Budget Reconciliation Bill....
News
India Commits to Protect Textile Sector in US Trade Talks
Commerce and Industry Minister Piyush Goyal has confirmed that the government will prioritize the textiles and apparel industry in the forthcoming trade discussions with...
Apparel
Apparel Exports to EU from Bangladesh Surge by 24% in 2025
Bangladesh's ready-made garment (RMG) exports to the European Union (EU) saw a remarkable increase of approximately 24% year-on-year, reaching $8.07 billion during the period...
Apparel
India-UK FTA Enhances Garment Export Opportunities
The recently concluded Free Trade Agreement (FTA) between India and the United Kingdom is set to significantly benefit India's ready-made garments sector. This landmark...
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%...
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