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In October, Japan saw an 11.1 per cent drop in clothing and accessories imports, totalling 347,355 million yen. This decline contrasts with a 0.1 per cent increase in textile yarn and fabric exports,
China's currency swaps, like the $6.98 billion deal with Saudi Arabia, aim to lessen US dollar dependence, stabilise exchange rates, and promote bilateral trade. These pacts facilitate increased investments,
US, a major global consumer, experienced a significant downturn in home textile imports in 2023. This decline reflects a broader global slowdown in the sector. In the first three quarters of the year,
India's apparel exports to Nordic region saw remarkable growth, particularly in Denmark and Sweden. Piyush Goyal highlighted a 39 per cent increase in exports to the Nordic countries since 2018-19. In
Indonesia is investigating the surge in fabric imports, mirroring India's challenges, to protect its domestic textile industry. The inquiry, prompted by declining market share and employment, follows