Recently, Seoul— The Ministry of Trade, Industry and Energy of South Korea officially announced today the launch of a special support plan for the textile industry, with a total amount of240 billion won (approximately 165 million US dollars), aimed at promoting the upgrading of the domestic textile industry towards three strategic directions:high-value-added material research and development, global brand building, and full-industry-chain digital transformation. This move signifies that th

February 2, 2026, Washington/New Delhi— In an agreement that could reshape the global textile trade landscape, the United States and India have formally concluded a new trade pact. The U.S. import tariff on Indian textiles will beslashed significantly from the previous 50% to 18%. This new rate is not only markedly lower than before but also undercuts thestandard 20% tariff ratetypically applied to major textile exporting nations like Vietnam and Bangladesh. The announcement has immediatel

February 3, 2026— A major consolidation has taken place in the global textile machinery and fiber technology sector. Rieter officially announced yesterday that it successfully completed the full acquisition of renowned fiber equipment manufacturer Barmag on February 2, 2026. This transaction not only marks a strategic upgrade for Rieter in the field of fiber system supply but also propels the company to the forefront as a leading global supplier of system solutions for both natural and syn

According to the latest revisions to the UK government's Developing Countries Trading Scheme (DCTS), Sri Lanka has achieved a critical upgrade in its trade status.Effective January 1, 2026, all goods exported from Sri Lanka to the UK, including its pillar industries ofapparel and textiles, will enjoycomprehensive zero-tariff treatment. This policy is hailed by Sri Lanka's industry as a "historic opportunity," expected to drive significant growth in its exports to the UK. Previously, some Sri La

According to recent international market data, the Australian wool market has demonstrated a trend of active demand and price increases over the past week. Based on the latest Australian wool auction reports, theEastern Market Indicator (EMI)rose by1.8%during the most recent week. Among specific categories, fine Merino wool saw the most significant gains due to limited supply and steady demand. Several factors are driving the price increases. Firstly,export market demand remains strong, with

Amid shifting global trade dynamics and domestic industrial challenges, the Indonesian government recently announced an ambitious national industrial revitalization plan. The plan aims to transform the country's textile sector into a global manufacturing powerhouse, setting a grand target of increasing textile exports from the current approximately $4 billion to $40 billion within ten years. This strategy is viewed by the industry as a "decisive battle" for Indonesia to break free from its diffi

On January 22, it was reported from Fudan University that a technological breakthrough with the potential to revolutionize future clothing experiences has emerged. A team led by Peng Huisheng and Chen Peining at the university successfully developed a new type of fiber that is not only flexible and stretchable but, more importantly, incorporates high-density microcircuits within it, enabling advanced information processing capabilities. The findings, titled "Fibre-Integrated Circuit Based on a M

Recently, India's textile raw material market has drawn widespread attention, with polyester and viscose yarn prices showing a notable upward trend. Industry analysis points out that this fluctuation is primarily driven by two major factors: a weak rupee and tight supply chain conditions. From a currency perspective, the continued depreciation of the Indian rupee against the U.S. dollar has directly increased the cost of imported raw materials. India's chemical fiber industry relies partly on

Although facing the dual challenges of a global economic slowdown and structural adjustments, China's exports in 2026 are expected to demonstrate a new development trend. According to analyses by multiple authoritative institutions, while export growth rates may struggle to return to the double-digit highs of the past, their role as a "ballast stone" for the Chinese economy remains solid. Experts point out that China's exports are shifting from being "cyclically driven" to providing "structura

Since 2025, the global textile industry chain has continued to evolve amidst exchange rate fluctuations, supply-demand adjustments, and diverging regional trade patterns. The cotton textile sector presents a two-way dynamic: "cotton hitting bottom and rebounding, while apparel making a breakout against the trend." On one hand, China's cotton import volume and prices have gradually recovered after hitting lows, with supply sources showing a high degree of concentration. On the other hand, China's