The Ending of the Multi-Fibre Agreement

CONTENTS Page No1. INTRODUCTION32. IMPLICATIONS OF THE PHASEOUT OF THE MFA43. IMPACTS - END OF THE MFA ON WORKERS AND COMMUNITIES3.1 NEGATIVE IMPACTS ONINTERNATIONAL argumentation ORGANISATION63.2 corroboratory COUNTERPART BUSINESSORGANISATIONS AND BEHAVIOUR74. GLOBAL TEXTILE AND CLOTHING atomic number 18 CHANGING75. superior AND LOSER86. JOB FEAR87. HOW ARE COUNTRIES REACTING?97.1 CHINA97.2 INDIA107.3 PAKISTAN117.4 BANGLADESH127.5 COMBODIA127.6 EYGPT148. CONCLUSION 149. REFERENCES15INTRODUCTIONThe Multi Fibre disposition (MFA) (a.k.a. conformity on Textile and Clothing (ATC)) governed the domain mete out in stuffs and garments from 1974 through 2004, imposing quotas on the amount maturation countries could export to demonstrable countries. It expired on 1 January 2005. The MFA was introduced in 1974 as a short-term measure intended to deliver developed countries to adjust t o imports from the developing world. Developing countries have a immanent advantage in textile production because it is force intensifier and they have low labour costs. According to a cosmos Bank/IMF study, the system has cost the developing world 27 million jobs and $40 billion a form in lost exports. REPORTHowever, the Arrangement was not negative for every(prenominal) developing countries. For example the EU imposed no restrictions or duties on imports from the very poorest countries, such as Bangladesh, leading to a big expansion of the industry there.

At the GATT Uruguay Round, it was decided to flummox the texti le trade chthonian the jurisdiction of the ! World wad Organisation. The cartel on Textiles and Clothing provided for the gradual dismantling of the quotas that existed under the MFA. This work was completed on 1 January 2005. However, large tariffs prevail in place on many textile products. Bangladesh is evaluate to subscribe the most from the ending of the MFA, as it will immediately boldness more competition, particularly from China. Poorer countries within the developed world, such as Greece and Portugal, are also expected to lose out. 2. If you destiny to extend a full essay, order it on our website: OrderCustomPaper.com

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