Amid political deadlock stalling the New Zealand-India Free Trade Agreement, Wools of New Zealand has joined a business coalition calling on parliament to approve the deal without delay, aiming to lower trade barriers and boost returns for wool growers.Wools of New Zealand CEO John McWhirter pointed out that India is home to world‑leading manufacturers of high‑end handmade carpets and rugs. An FTA would bring significant benefits to the country's wool sector and farmers. He noted that the compan

The Aid by Trade Foundation (AbTF) has announced that, according to the latest independent audit results, over 42,000 smallholder farmers in India and Tanzania are now producing cotton under its Regenerative Cotton Standard (RCS) and have obtained certification. The audit data shows that approximately 5,000 farmers in Maharashtra, India, have been certified, a number consistent with the previous year. In Tanzania, however, the number of certified farmers has surged by 87.8% from last year to app

In 2025, the European textile industry continued its downward trend, with production, turnover, and employment contracting for the third consecutive year. Soaring energy costs, weak demand, rising Asian imports, and increasing regulatory burdens are accelerating the wave of factory closures across Europe. Faced with this grim situation, the European Apparel and Textile Confederation (EURATEX), together with IndustriAll Europe, issued an urgent appeal in November 2025 calling on the EU to take im

The government of Bangladesh has begun formulating a new five-year strategic framework aimed at transitioning the economy from a stabilization phase to investment-driven growth. The plan sets ambitious economic targets, seeking to raise the GDP growth rate to 8% by 2030 while increasing total investment to 36.7% of GDP. According to Bangladeshi financial media outletThe Financial Express, the strategic framework is being developed by the General Economics Division (GED) under the country's Plann

Since the escalation of geopolitical tensions in West Asia in late February 2026, India's textile industry has been experiencing severe shocks. Among the worst-hit regions is Maharashtra, a major textile production hub, which has reported losses of nearly ₹4,000 crore (approximately $480 million) over the past month. The immediate impact of the crisis is reflected in two main areas: surging raw material prices and disrupted export routes. As the conflict triggered sharp fluctuations in internati

Amid multiple pressures from geopolitics, trade policies, and rising costs, the global textile sourcing landscape has undergone a profound restructuring in early 2026. The performance of Vietnam, India, and China has sharply diverged. Vietnam solidifies its position as the top supplier to the U.S. market. In the first two months of 2026, Vietnam accounted for 19.3% of total U.S. textile imports, maintaining a clear lead. The country's textile and garment exports reached $10.54 billion in the fir

Textile workers inTurkeyare facing growing hardship as the country’s once-dominant textile sector enters a deep crisis, with labor groups highlighting unsafe conditions, low wages, and restricted worker rights. According to labor organizers and reports fromHealth and Safety Labor Watch, at least 64 workers in theGaziantepregion have died on the job over the past 13 years. Workplace fatalities in the textile sector are significantly higher than the national average, with many incidents repo

According to data released by the General Administration of Customs on April 14, China's total goods trade value in the first quarter of 2026 reached 11.84 trillion yuan (approximately $1.73 trillion), up 15% year-on-year. This marks the first time quarterly trade has exceeded the 11 trillion yuan threshold, representing the fastest quarterly growth in nearly five years. Exports rose 11.9% to 6.85 trillion yuan, while imports grew at a faster pace of 19.6% to 4.99 trillion yuan, with import grow

In early April 2026, prices along India's polyester industry chain showed a "first rebound, then stabilization" fluctuating pattern. The raw material side stabilized after a brief correction, while the downstream fiber side weakened due to sluggish demand. The game between US-Iran relations and crude oil market volatility have become core variables. Institutions warn of the risk of a shutdown in the Strait of Hormuz, and the subsequent expectation of rising polyester raw material prices is stren

ICE cotton futures have extended their upward momentum, posting gains for the fourth consecutive trading session. As of April 14, the July contract settled at 76.47 cents per pound, with active market trading and continued growth in open interest. This rally is driven by three key factors. First, drought conditions in key U.S. cotton-producing regions continue to intensify, with approximately 95% of cotton-growing areas currently experiencing drought. The situation is particularly severe in core