AGP Executive Report
Last update: 10 hours agoIndia-UK Trade: India and the UK confirmed the CETA and the Double Contribution Convention will kick in on July 15, with 99% of Indian exports entering the UK duty-free—good news for textiles and other manufacturing. Textile Policy: India cut the mandatory hank yarn packing obligation for spinning mills to 20% (from 30%), aiming to ease pressure on handloom-linked yarn supply. Sustainability & Circularity: Hyosung TNC showcased its integrated bio-based spandex platform at Global Fashion Summit 2026, pushing sugarcane-derived inputs through a connected value chain. Nonwovens Expansion: Turkey’s Göliplik is preparing to enter the nonwovens wipes market with an ANDRITZ wetlaceTM line, targeting start-up in late 2026. Trade Friction Watch: Brazil’s cotton market stayed sluggish in early June as liquidity thinned and price talks stalled, according to CEPEA. EPR Compliance: Europe’s fragmented textile EPR schemes are creating major compliance headaches for brands and retailers across multiple markets. Bangladesh Supply Chain: Ha-Meem Group opened a garment accessories plant in Narsingdi to cut lead times and boost local backward linkage. Wage Dispute: Bangladesh’s NASSA Group workers staged protests over unpaid wages, with authorities still working through asset-sale plans. Investment Signals: Uzbekistan reported strong FDI inflows in 2025, with textiles among the funded sectors. Industry Operations: Nepal’s industrial zones began cutting electricity and water lines after sectors failed to pay dues, including several textile-linked firms.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.