Since 1974, the Multi-Fibre Arrangement (MFA) had been the systematic means for developed countries on textiles and clothing imports from developing countries that do not limit did not correspond to the GATT / WTO rules. In 1994, however, the Agreement on Textiles and Clothing was signed, prescribing a 10-year progressive phase-out of the MFA and integration of the disciplines of the GATT 1994. By the end of 2004, the complete phase-out of MFA had at first January 2005, the debate between protectionists and free-tra rekindled … Read more »

Since 1974, the Multi-Fibre Arrangement (MFA) had been the systematic means for developed countries on textiles and clothing imports from developing countries that do not limit did not correspond to the GATT / WTO rules. In 1994, however, the Agreement on Textiles and Clothing was signed, prescribing a 10-year progressive phase-out of the MFA and integration of the disciplines of the GATT 1994. By the end of 2004, the complete phase-out of MFA had at first January 2005 rekindled the debate between protectionists and free trade advocates. In the meantime, firms in Hong Kong, one of the world’s largest textile and clothing exporting countries, is gearing up for the change.
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from
Ka-Fu Wong,
Richard Wong,
Andrew Lee
Source: University of Hong Kong
22 pages.
Release Date: 31, January 2005. Prod #: HKU383-PDF-ENG
Trade restrictions and Hong Kong’s textile and clothing industry HBR case solution