Every year, the global fashion industry destroys billions of euros worth of unsold clothing. This practice of "high inventory, high destruction" has long been an unspoken rule in the fashion sector. To end this massive waste and promote the transition to a circular economy, the European Union has officially passed legislation banning large companies from destroying unsold clothing, accessories, and footwear startingJuly 19, 2026. Under the newly adopted Ecodesign for Sustainable Products Regulat

The Ministry of Textiles, Government of India, has released the country's first-ever "Textile Waste Value Chain Mapping Report," systematically revealing the scale, flow, and recycling potential of textile waste in the country. According to the report, India generates approximately 7.073 million metric tonnes of textile waste annually, of which post-consumer waste (such as discarded clothing) accounts for 58%, while pre-consumer waste (such as production offcuts) accounts for 42%. Thanks to Indi

As the influence of the ASEAN+3 mechanism continues to grow, regional demand is gradually shifting, reducing dependence on Western markets for the textile and apparel industry while accelerating regional integration. According to a report released in January 2026 by the ASEAN+3 Macroeconomic Research Office (AMRO), the ASEAN+3 region is expected to maintain stable growth of 4.0% in 2026, with the apparel industry becoming a major beneficiary of "friend-shoring" and robust domestic demand. Suppor

Entering the second quarter of 2026, the global cotton trade landscape is undergoing profound adjustments. As the world's second-largest cotton exporter, Brazil's latest trade data presents a stark contrast between a weak domestic market and surging exports. This seemingly contradictory phenomenon not only reflects deep structural divergences in Brazil's cotton sector but also highlights the decisive role of Chinese procurement in the global supply chain, adding new variables to both internation

The Suez Canal Economic Zone (SCZone) has signed an agreement with Turkish company Atesan Tekstil to establish a woven fabric manufacturing facility in the Qantara West Industrial Zone, with an investment of $6.5 million. The project, covering an area of 20,000 square meters, is expected to create approximately 200 direct jobs. Walid Gamal El-Din, Chairman of the SCZone, stated that the zone continues to increase its support for investors and industrial developers, and that the Qantara West Indu

Driven by tariff policies and geopolitical factors, U.S. apparel companies are accelerating adjustments to their global sourcing strategies. Among the key developments, theU.S.-Bangladesh Reciprocal Tariff Agreement, signed in February 2026, has become a core driver of recent supply chain shifts. Under the agreement, garments made in Bangladesh using U.S.-grown cotton or man-made fibers are eligible for zero-tariff access to the U.S. market, while the standard reciprocal tariff has been reduced

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