Tag: trade

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...

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...

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...

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%...

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...

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...

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...

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