Uruguay could emerge as a key gateway for Bangladesh’s readymade garment (RMG) exports to the Mercosur market, one of South America’s most influential regional trading blocs, said leaders of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today. The observation came when Alberto Guani, Ambassador of Uruguay to Bangladesh, paid a courtesy visit to the BGMEA office today. The BGMEA delegation was led by its Senior Vice President Inamul Haq Khan. BGMEA Directo

Recently, Egypt's Suez Canal Economic Zone (SCZONE) formally signed an investment agreement with the renowned Turkish garment manufacturer Eroglu Fashion Textile, marking the official entry of this international textile industry giant into the Qantara West Industrial Zone. According to the agreement, Eroglu will invest $560 million (approximately 4 billion RMB) to establish an advanced ready-made garment production base in the Qantara West Industrial Zone located along the canal. This project

Recently, the Indonesian Ministry of Trade issued a notification through the World Trade Organization (WTO), formally initiating aglobal safeguard investigationon importedcotton fabrics(covering certain products under HS codes 5208, 5209, 5210, 5211, and 5212). This move signifies that if the investigation ultimately determines that a surge in imports has caused or threatens to cause serious injury to the domestic industry, the Indonesian government may imposesafeguard tariffson the relevant pro

Over the past two years, the global trade landscape has undergone dramatic changes: geopolitical fragmentation, rising tariff barriers, and supply chain re-localization are progressing simultaneously. For textile foreign trade, this presents both challenges and opportunities. Based on various public data sources, this guide identifies key markets and regions worth focusing on in 2026, aiming for "clear direction, accurate data, and practical approaches." Bangladesh: Apparel Powerhouse and a Br

The implementation of new regulations for the 2026 cotton import tariff quota has spurred a rise in the domestic imported cotton market. According to information from major ports like Qingdao and Zhangjiagang, as well as cotton textile enterprises, the issuance of new quotas has led to a sales peak for bonded cotton at the ports. There has been a surge in advance orders for customs-cleared spot cotton, officially initiating an industry-wide restocking surge. A trader at Qingdao Port revealed t

The recovery momentum of global manufacturing has slightly weakened. According to the global manufacturing Purchasing Managers' Index (PMI) released by the China Federation of Logistics & Purchasing, the global manufacturing PMI stood at 49.6% in November 2025, a slight decrease of 0.1 percentage point from the previous month. It has remained within the 49%-50% range for nine consecutive months. The recovery momentum of global manufacturing weakened slightly compared to the previous month, t

According to the latest research, garment exporters in Bangladesh will need to bear approximately two-fifths of the tariff costs for goods exported to the European Union (EU) following the country's graduation from the Least Developed Country (LDC) status. Research from the University of Dhaka indicates that after 2029, Bangladesh's exports to the EU could face tariffs of around 12%, while Vietnam, Pakistan, and Sri Lanka enjoy duty-free access due to free trade agreements and the Generalized

According to the "Vietnam Domestic Market Report 2025" released by the Department of Domestic Market Management and Development under the Ministry of Industry and Trade of Vietnam, fueled by robust and sustained consumer spending growth, the country's retail sector performed exceptionally well in 2025, with total retail sales projected to reach $269 billion. Retail sales of goods and service revenue grew by approximately 9-10% year-on-year, marking the strongest growth rate in five years, exclud

Domestically, strong downstream textile consumption support, accelerated new cotton sales progress, coupled with the ongoing market expectations for tighter domestic supply in the next crop year, have driven the continuation of the upward trend in domestic cotton prices. This week, the average settlement price for the front-month Zhengzhou cotton futures contract was 14,515 RMB/ton, up 299 RMB/ton or 2.1% from the previous week. The average price of the National Cotton Price B Index, representin

At the 2025 Toronto Textile Exhibition, products from Vietnam's Bao Minh Textile Joint Stock Company and Viet Hung Textile Dyeing and Finishing Company captured the attention of Canadian and North American clients. Viet Hung focused on promoting its denim fabric series, while Bao Minh concentrated on the mid-to-high-end yarn and fabric sectors. The Vietnamese textile industry has gained positive international recognition for its excellent product quality. Although the Canadian market is limite