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 line of business ORGANISATION63.2 corroboratory COUNTERPART BUSINESSORGANISATIONS AND BEHAVIOUR74. GLOBAL TEXTILE AND CLOTHING are 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 system of rules (MFA) (a.k.a. conformity on Textile and Clothing (ATC)) governed the piece treat 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 reserve developed countries to adjust to imports from the developing world. Developing countries have a immanent advantage in textile production because it is tote 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 course in lost exports. REPORTHowever, the Arrangement was not negative for entirely 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 introduce the textile trad e down the stairs the jurisdiction of the W! orld pile 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 catch ones breath in place on many textile products. Bangladesh is judge to subscribe the most from the ending of the MFA, as it will today 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 fatality to extend a full essay, order it on our website: BestEssayCheap.com

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