Fashion
Trade pact with US ‘a major catalyst’ enhancing textile trade: India
“For textiles exports, it opens up a $118 billion US global imports market of textiles, apparels and made-ups. With the US being India’s largest export destination of around $10.5 billion [in] exports, comprising around 70 per cent apparel and 15 per cent made ups, this is a major opportunity,” the ministry said in a statement.
Terming the India-US Trade Agreement ‘a major catalyst’ enhancing bilateral textile trade, the Indian textile industry expressed hope that this will be ‘a major economic game changer’ for the sector by generating additional employment and encouraging investments by US entities.
The agreement would also enable the industry to be cost competitive and diversify risks by sourcing intermediates from the US.
“The 18 per cent reciprocal tariffs on all the textiles products including apparel and made-ups will not only remove the disadvantage that Indian exporters had, but would place them in a better position than most competitors like Bangladesh (20 per cent), China (30 per cent), Pakistan (19 per cent) and Vietnam (20 per cent) who have higher reciprocal tariffs. This would alter the market dynamics as large buyers would surely relook at their sourcing in the light of this agreement,” it noted.
The agreement would also enable the textile industry to be cost competitive and diversify risks by sourcing intermediates from the United States, and that would facilitate manufacturing of value-added textiles in the country and diversify production and exports, it added.
Fibre2Fashion (DS)
China dominated Cambodia’s fabric imports with shipments valued at $*.*** billion, accounting for **.** per cent of total fabric inflows in ****. Taiwan ranked a distant second with imports worth $***.*** million, or * per cent, followed by Hong Kong at $***.*** million, representing *.** per cent, according to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>sourcing intelligence tool TexPro. The figures underline the limited presence of alternative Asian suppliers in Cambodia’s fabric sourcing basket.
China’s share of Cambodia’s fabric imports has risen steadily over recent years, even as overall import volumes expanded. Total fabric imports stood at $*.*** billion in ****, with China supplying **.** per cent, before rising to $*.*** billion in **** with China’s share at **.** per cent. In ****, imports increased further to $*.*** billion, with China’s share climbing to **.** per cent, culminating in near-total dominance in ****.
The initiative was discussed during a UNIDO courtesy call on Ghana’s Embassy in Rome.
UNIDO and Ghana are planning to set up a Circular Economy Innovation and Textile Testing Centre to tackle textile waste in the country while creating industrial development opportunities.
Ghana would provide laboratory testing and technical services to support textile sorting and classification, identify toxic components and enable second-life industrial applications.
The proposed centre represents a core component of an Italy-funded UNIDO project implemented with Ghana’s Ministry of Trade, Agribusiness and Industry.
It aims at strengthening circular economy solutions in the textile and second-hand clothing sector, according to a report in a Ghanaian media outlet.
The UNIDO Italian Investment and Technology Promotion Office (ITPO Italy) is implementing a project titled ‘Promoting business and technology development in Ghana’s circular textile sector’ funded by the Italian Agency for the Development Cooperation (AICS).
Ghana would provide laboratory testing and technical services to support textile sorting and classification, identify toxic components and enable second-life industrial applications, such as converting discarded textiles into inputs for furniture, insulation panels, automotive components, paper products and agricultural uses.
Nearly 15 million garment pieces arrive in Ghana every week, mostly at the Kantamanto Market in Accra, with about two-fifths ending up as waste, leading to choked drainage, and polluted lagoons and coastal zones.
Ghana last year launched the Ghana Circular Economy Centre—a 7.5-million Canadian dollar project implemented by UNIDO over a five-year period in coordination with the Ministry of Environment, Science, Technology and Innovation, with funding from Global Affairs Canada. Ho Technical University hosts the centre.
Fibre2Fashion (DS)
Vietnam’s January export growth remained modest, but sharp gains in yarn exports and rising cotton, yarn and fabric imports point to production build-up.
Strong raw material inflows signal mills positioning for higher garment output in 2026.
Achieving VITAS’ $50 billion goal will hinge on sustained order recovery and stable global consumption.
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