US-India Trade Deal May Shrink India’s Surplus, Boost Energy and Textile Imports: CRISIL
The ongoing negotiations for a US-India Bilateral Trade Agreement (BTA) are expected to reduce India’s goods trade surplus with the United States, according to a recent analysis by CRISIL, a…
US Manufacturing Expands in June Despite Export Slump and Tariff-Driven Inflation Surge
US manufacturing activity continued its expansion in June 2025, though at a slower pace, amid declining exports and intensifying inflationary pressure—mainly driven by new tariffs. The S&P Global US Manufacturing…
Dutch Economy Records Stronger Growth in Q1 2025 Amid Upward Revisions
The Dutch economy posted a 0.4% growth in the first quarter (Q1) of 2025 compared to the previous quarter, according to the second estimate released by Statistics Netherlands (CBS). On…
Mayer & Cie. Unveils Control 5.0: A Smart Leap for Circular Knitting
Mayer & Cie., a global leader in circular knitting technology, has introduced Control 5.0, its next-generation machine control system designed to usher textile manufacturing into the digital age. Available immediately…
Karl Mayer Secures Major Patent Win in China
German textile machinery pioneer Karl Mayer Group has achieved a significant legal victory in China by successfully defending its patent against a local competitor. The company initiated legal action against…
Business Sentiment in Germany Shows Improvement in June 2025
Germany’s business climate improved in June 2025, with the ifo Business Climate Index rising to 88.4 from 87.5 in May—its highest point since June 2024. This uptick reflects growing optimism,…
France Passes Law to Curb Ultra-Fast Fashion Platforms Like Shein and Temu
France has taken a groundbreaking step by approving a law targeting ultra-fast fashion, aiming to curb the environmental and social damage caused by low-cost, high-volume clothing platforms. The legislation, recently…
Bangladesh’s RMG Exports to EU Surge 24% in First Four Months of 2025
Bangladesh’s readymade garment (RMG) exports to the European Union reached $8.07 billion during January–April 2025, marking a sharp 23.98% year-on-year growth from $6.51 billion during the same period in 2024.…
China’s Share Drops to 46.8% in Japan’s Apparel Imports but Remains on Top
China’s dominance in Japan’s apparel market is gradually weakening, with its share falling to 46.8% in the first four months of 2025. Although China remains the largest apparel supplier to…
India Extends Export Obligation for QCO-Free VSF to 18 Months
In a major relief for the Indian textile sector, the government has extended the export obligation period to 18 months for imports of viscose staple fibre (VSF) exempted from the…
