AGP Executive Report
Last update: 10 hours agoCotton Duty Decision Looms: India’s government is in an “advanced stage of consultation” on removing an 11% customs duty on raw cotton, with a decision expected soon—textile groups say the levy is squeezing spinning mills and downstream manufacturers amid a projected 45-lakh-bale supply gap. Trade Diplomacy Push: Commerce Minister Piyush Goyal heads to Canada May 25–27 to advance CEPA talks, meeting Canadian ministers and 100+ industry leaders, including textiles and leather, as both countries target $50B bilateral trade by 2030. Second-Hand Clothing Pressure: East Africa is debating how to curb mitumba imports, but retailers say price competition makes it hard to protect local garment jobs and margins. Bangladesh Stimulus for Industry: Bangladesh Bank unveiled a Tk 60,000cr package to revive growth and restart closed units, with garments and textiles among stressed sectors. Circularity Move: A US study highlights recyclable protein-based textiles designed to cut microplastic pollution, adding urgency to recycling and reuse debates. Dubai-Ethiopia Deal-Making: Dubai Chamber wrapped up its Addis Ababa mission with a record 510 B2B meetings, signaling continued investor appetite for textile-adjacent trade links.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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