India's free trade agreement with the UK is poised to significantly boost textile exports, potentially increasing them by 30-45% by 2030. The agreement eliminates duties, providing a competitive edge over rivals like Bangladesh and China, especially for garments, home textiles, carpets, and handicrafts.
Source: The Economic Times
The Indian government is actively addressing the impact of US tariffs through export promotion and diversification, while also negotiating trade agreements with the US and EU to boost trade and investment. India and ASEAN are reviewing their trade agreement, and a draft National Retail Trade Policy is in the works to ease business operations.
Source: The Economic Times
Crisil reports that the 25% tariffs on Indian goods due to Russian oil purchases could render exports to the US "unviable," impacting sectors like diamond polishing, shrimp, and home textiles. Other sectors with US trade exposure, including garments and chemicals, also face potential repercussions.
Source: The Economic Times
The Lok Sabha on Tuesday passed the Indian Ports Bill, 2025, aimed at promoting integrated and strategic port development through a consultative framework between the Centre and States. The legislation provides for the statutory creation of the Maritime State Development Council (MSDC), a recommendatory body to advise on long-term, data-driven planning for all ports, including a National Perspective Plan for maritime infrastructure.
Source: The Economic Times
IN TIRUPPUR, India’s knitwear capital, exporters are already feeling the heat of the 50 per cent tariff US President Donald Trump announced Wednesday. They say orders are being paused, redirected, or lost entirely to competitors like Bangladesh, Pakistan, Vietnam, and Cambodia, all of whom have lower US tariffs ranging between 19% and 36%.
Source: Indian Express
Egypt’s Suez Canal Economic Zone (SCZone) recently signed an agreement with China’s Changzhou Ramada Blanket Industry Co Ltd to set up a $22.6-million home textile and garment manufacturing unit in the Qantara West Industrial Zone. Covering 80,000 square metres, the facility will create 1,500 direct jobs and produce around 5,000 tonnes of fabric, 4 million sets of bed covers, and 1 million sets of car carpets every year.
Source: Fibre2fashion
Germany’s foreign trade surplus narrowed in June 2025 as imports grew at a faster pace than exports, according to provisional data from the Federal Statistical Office (Destatis). On a calendar and seasonally adjusted basis, exports rose 0.8 per cent from May to €130.5 billion (~$151.74 billion), while imports increased 4.2 per cent to €115.6 billion (~$134.42 billion). This left a trade surplus of €14.9 billion (~$17.33 billion), down from €18.5 billion (~$21.51 billion) in May and €20.3 billion a year earlier. Year-on-year, exports increased 2.4 per cent and imports surged 7.9 per cent.
Source: Reuters
A comprehensive seminar titled EU Trade Forum: Spotlight on the Digital Product Passport was held at the Pan Pacific Sonargaon Hotel in Dhaka, aiming to familiarise Bangladesh’s export-driven industries with the European Union’s (EU) upcoming Digital Product Passport (DPP) policy. The event was organized jointly by the Ministry of Commerce and the German Development Agency GIZ. The one-day seminar sought to build awareness about the DPP and assess Bangladesh’s readiness to align its export sectors with the EU’s Ecodesign for Sustainable Products Regulation (ESPR). It marked the first time such a technology-focused initiative was organised in Bangladesh, according to Commerce Secretary Mahbubur Rahman, who was the chief guest. He emphasised the importance of implementing new regulations without significantly increasing costs for businesses.
Source: Apparel Resource
