Fashion
Mexico, Canada to boost trade ties, coordinate on USMCA review with US
Both met during Carney’s first visit to Mexico City as Canada’s Prime Minister.
“North America is the economic envy of the world, is the most competitive economic region of the world, and part of the reason for that is the cooperation between Canada and Mexico,” Carney said in a press conference following the meeting. “We complement the United States. We make them stronger. We are all stronger together,” he said.
Mexican President Claudia Sheinbaum and Canadian Prime Minister Mark Carney yesterday promised to strengthen trade ties amid US tariff threats and pushed to keep the US-Mexico-Canada trade pact (USMCA) alive in the lead-up to 2026 review talks.
Both want to raise bilateral trade through USMCA through maritime routes, avoiding passage of goods through the US, Sheinbaum said.
Over three-fourths of Canada’s exports and more than four-fifths of Mexico’s are to the United States.
Carney said he expects “much greater amounts of trade, much greater amounts of investment” between Mexico and Canada, while Sheinbaum said the two countries had agreed to a plan that what would “bring a new era of further strengthening economic ties” between the two sides.
Both want to raise bilateral trade through the free trade agreement through maritime routes, avoiding passage of goods through the United States, Sheinbaum said.
Carney aims to improve ties with Mexico during his two-day visit. The two leaders promised new rounds of bilateral meetings in the next few months, and greater collaboration on security issues, agriculture, energy, finance, health and environment, according to media reports.
Sheinbaum said the countries are already setting up teams and reviewing the agreement with the hopes of keeping trilateral free trade in place.
“USMCA is a testament to if Mexico, Canada and the United States work together, we can create prosperity, face global challenges successfully and position ourselves as the most dynamic region in the world,” Sheinbaum added.
Fibre2Fashion News Desk (DS)
The April figure was far below market forecasts of a 15,000 gain.
Full-time jobs dropped by 10,700 in April after a sharp rise in March.
Australia’s net employment fell by 18,600 month on month in April.
The April figure was far below market forecasts of a 15,000 gain.
Full-time jobs dropped by 10,700 in April after a sharp rise in March.
The unemployment rate rose to 4.5 per cent in April, the highest since November 2021, while the labour force participation rate eased to 66.7 per cent.
The unemployment rate rose to 4.5 per cent in April, the highest since November 2021. The labour force participation rate eased to 66.7 per cent.
The official statistical agency observed that a drop in female employment—the first since August 2025—drove the overall fall.
Fibre2Fashion News Desk (DS)
The Indian PET resin market witnessed significant week-on-week fluctuations during March-May ****. During the first week of March, Asia domestic India PET bottle flakes prices were assessed near $*.** per kg and remained largely stable on a weekly basis. However, during the second week of March, prices sharply increased to around $*.** per kg, reflecting a week-on-week rise of nearly ** per cent amid tight domestic supply conditions and reduced producer operating rates. In the third and fourth weeks of March, prices increased further to nearly $*.** per kg, marking an additional weekly gain of around * per cent. The bullish momentum continued into the first week of April, when prices touched nearly $*.** per kg, reflecting another week-on-week increase of approximately * per cent.
From mid-April onward, the market entered a correction phase as downstream polyester demand remained weak, and buyers shifted towards cautious procurement activity. During the second and third weeks of April, prices eased gradually towards $*.** per kg, indicating a weekly decline of around *–* per cent. The softer trend continued through late April and early May, with prices declining towards $*.** per kg and later $*.** per kg due to subdued polyester operating rates and sufficient domestic availability. By May **, ****, Asia domestic India PET bottle flakes prices were assessed around $*.*** per kg, reflecting an overall decline of nearly * per cent from the April peak, while Asia FOB India PET Bottle Flakes prices were reported near $*.*** per kg during the same period.
The country imported apparel worth $**.*** million during January-March ****, up **.* per cent from $**.*** million in the corresponding period of ****. The latest figures indicate that inbound apparel shipments have remained on a steady growth path since ****, according to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>sourcing intelligence tool TexPro.
The Russia-Ukraine war has had a significant economic impact on Georgia. The conflict triggered a large influx of Russian and Ukrainian migrants, which initially acted as an economic boon for the country. It fuelled rapid growth, lifted consumer spending, and increased demand for housing, services, textiles, and apparel. However, the war also deepened geopolitical polarisation and accelerated Georgia’s economic and energy reliance on Moscow.
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